🥊 Bed Bath & Beyond vs Gavin Newsom

Bed Bath & Beyond just reignited controversy in California. Executive Chairman Marcus Lemonis says the company won’t open stores in the state, blaming “high taxes, high fees, and unsustainable wages.” Governor Gavin Newsom fired back, pointing out the retailer’s bankruptcy and nationwide closures in 2023. Now rebranded under Beyond Inc. (BYON), the company is planning a name change back to Bed Bath & Beyond with ticker BBBY later this month. Shares closed at $8.90, down 4.40%—but remain up more than 58% this year. Is skipping California a smart business move—or the wrong call? #BedBathBeyond #StockMarket #California 🌐 Want more market-moving insights? Dive deeper at www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Let’s stay connected! Follow us for real-time updates, market tips, and exclusive content: 🔹 Instagram: https://www.instagram.com/benzinga 🔹 Facebook: https://www.facebook.com/benzinga 🔹 TikTok: https://www.tiktok.com/@benzinga 🔹 X: https://www.x.com/benzinga ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.