ByPamela N. Danziger
ByPamela N. Danziger,
Senior Contributor.
The old Beyond Inc., newly resurrected as Bed Bath & Beyond, is starting to open new stores, but executive chairman Marcus Lemonis announced that the company will steer clear of California because he considers the state too costly to operate in profitably, according to a company statement.
Lemonis stated, “California has created one of the most overregulated, expensive and risky environments for businesses in America,” and claimed the decision was not a political but a practical one.
