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.

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

Bed Bath & Beyond is making a comeback —but not in California. Executive Chairman Marcus Lemonis announced on Aug. 20 that the company will not reopen any state brick-and-mortar stores, opting to serve its 39 million residents solely through delivery.