Bed Bath & Beyond exec says company won't open any California stores

Bed Bath & Beyond returns with caller Nashville store

Bed Bath & Beyond returns with caller store successful Nashville 01:00

Bed Bath & Beyond fans successful California nostalgic for the in-store acquisition volition person to marque bash with the company's website aft an enforcement said the retailer won't unfastened immoderate stores successful the Golden State.

Marcus Lemonis, enforcement president of Bed Bath & Beyond, said successful a statement on Wednesday that the concern situation successful California makes it hard for retailers to operate. 

"California has created 1 of the astir overregulated, costly and risky environments for businesses successful America," helium said. "It's a strategy that makes it harder to employment people, harder to support doors unfastened and harder to present worth to customers."

"This determination isn't astir authorities — it's astir reality," Lemonis added.

The company's announcement comes conscionable weeks aft the Brand House Collective, the specialty retailer that manages the Bed Bath & Beyond marque owned by Beyond Inc., opened its archetypal in-person store successful Nashville after Bed Bath & Beyond shuttered hundreds of locations successful declaring bankruptcy successful 2023. 

In summation to giving the store a caller sanction — Bed Bath & Beyond Home — Brand House said it would grant bequest coupons, the large achromatic and bluish insubstantial slips that person go synonymous with the Bed Bath & Beyond brand.

At the clip of the caller store's launch, a spokesperson for the Brand House Collective said it was readying to unfastened 4 further Bed Bath and Beyond Home stores successful the Nashville area.

The institution besides has its sights acceptable connected expanding successful different markets. Brand House Collective spokesperson Amy Sullivan told CBS MoneyWatch connected Wednesday that the institution plans to unfastened further carnal stores successful antithetic cities successful a "curated, smaller format."

"We mean to person the immense bulk of our existing Kirkland's fleet into Bed Bath & Beyond stores portion besides pursuing caller existent property opportunities," she said. 

Kirkland's, which is based successful Nashville, rebranded as the Brand House Collective successful July.

"We'd emotion to bring the marque backmost to each city, but it has to marque consciousness for our customers and for the business," she said. "Until conditions change, California won't beryllium connected our Bed Bath & Beyond roadmap."

• Bankruptcy
• Bed Bath & Beyond
• California