Marcus Lemonis, the CEO of Bed, Bath & Beyond, announced on X on Wednesday that his company would no longer open stores in California because the state made it “nearly impossible” for business to succeed.

Earlier this week, Lemonis had announced the latest hopeful steps in the company’s return from bankruptcy, for which it filed in 2023. In a bullish statement released on Monday, the company said (emphasis removed):

“Accelerating growth and profitability for the Bed Bath & Beyond brand requires capital allocation discipline, increased use of data science, improvements in our asset light BedBathandBeyond.com platform, and the return of some of America’s most trusted consumer brands to its Omnichannel offering,” said Lemonis. The Bed Bath & Beyond comeback is underway with its first stor

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