Bed Bath & Beyond fans in California nostalgic for the in-store experience will have to make do with the company's website after an executive said the retailer won't open any stores in the Golden State.

Marcus Lemonis, executive chairman of Bed Bath & Beyond, said in a statement on Wednesday that the business environment in California makes it difficult for retailers to operate.

"California has created one of the most overregulated, expensive and risky environments for businesses in America," he said. "It's a system that makes it harder to employ people, harder to keep doors open and harder to deliver value to customers."

" This decision isn't about politics — it's about reality," Lemonis added.

The company's announcement comes just weeks after the Brand House Collective, the spec

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