Bed Bath & Beyond’s executive chairman Marcus Lemonis said the company won’t open stores in California, citing high taxes, fees, and wages. Governor Gavin Newsom responded on X, noting the brand went bankrupt and closed all stores two years ago. Shares dipped to $8.71 Thursday but remain up 58% year-to-date. The company plans to relaunch under the Bed Bath & Beyond name later this month and reclaim its BBBY ticker.