Bed Bath & Beyond executive chairman Marcus Lemonis announced no BB&B stores will open in California, as the company plans to open 300 new stores.

Bed Bath & Beyond, once a dominant home goods retailer, filed for bankruptcy in 2023 after years of declining sales and mounting debt.

Bed Bath and Beyond executive chairman Marcus Lemonis said he won't reopen retail stores in California, taking a shot at Gov. Gavin Newsom and calling the state a risky environment for business.