Bed Bath & Beyond will not open or operate brick-and-mortar stores in California, executive chairman Marcus Lemonis said on 20 August, describing the state as “one of the most over-regulated, expensive and risky environments for businesses in America.” California shoppers will be served exclusively online, with delivery promised within 24 to 48 hours and same-day service in some areas. The move comes as the home-goods retailer mounts a return to physical retail two years after filing for Chapter 11 bankruptcy. Lemonis said the company plans to add more than 300 locations nationwide and has already opened its first new "Bed Bath & Beyond Home" store in Nashville this month. Lemonis cited higher taxes, fees and wages in California as costs that would force price increases and threaten job security. A spokesperson for Governor Gavin Newsom responded that the administration “thought Bed Bath & Beyond no longer existed” but wished the brand well in its revival efforts. Bed Bath & Beyond’s restructuring strategy pairs an expanded e-commerce platform with smaller, licensed neighborhood stores operated by partner Kirkland’s Inc. Parent company Beyond Inc. is rebranding as Bed Bath & Beyond Inc., and its shares will begin trading on the New York Stock Exchange under the ticker BBBY on 29 August.