Marcus Lemonis, Executive Chairman of Bed Bath & Beyond, Issues Statement

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Aug 20 2025

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Source: Newsfilter

Decision on California Stores: Beyond, Inc. has announced that Bed Bath & Beyond will not open or operate retail stores in California due to the state's overregulation and high costs for businesses.
Business Environment Concerns: Marcus Lemonis, Executive Chairman, criticized California's business environment as unsustainable, citing high taxes, fees, and wages that hinder growth and employment.
Focus on E-commerce Strategy: Instead of physical stores, Bed Bath & Beyond plans to invest in a strategy that emphasizes fast delivery services through their website, aiming to provide customers with fair prices without the burdens of operating in California.
Company Overview: Beyond, Inc. is an ecommerce-focused retailer based in Utah, owning several brands including Bed Bath & Beyond and Overstock, and aims to enhance customer experience through quality products and services.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.