In this video, Bed Bath & Beyond's executive chairman Marcus Lemonis states the company will not open stores in California due to high taxes, fees, and wages. Governor Gavin Newsom responds by highlighting that the brand went bankrupt and closed all stores two years ago. The video also discusses the company's recent stock performance, its planned relaunch under the Bed Bath & Beyond name, and ongoing industry challenges. The 62-second clip provides insights into retail strategies and state-business relations.