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➤ Bed Bath & Beyond is returning to California despite earlier statements that it would not, rolling out co-branded Bed Bath & Beyond + The Container Store locations across the state, with conversions planned in Sacramento, San Francisco, San Jose, San Diego, Woodland Hills, and other cities in the coming months. (More)
➤ California-based electric vehicle maker Lucid plans to cut about 18% of its workforce as it restructures in a bid to improve profitability, a move the company says will generate roughly $158 million in annual savings. (More)
➤ The Prize Booth, a beloved Castro Valley toy store, is racing to find a new home before it must vacate its building in October, with fans rallying behind a Kickstarter campaign to help keep it open. (More)
➤ Trader Joe’s shoppers lined up before sunrise at the Fremont Hub over the weekend for the chance to grab the grocer’s latest limited-edition mini tote bags, the roughly $3 pastel-striped totes that have sparked purchase limits and quick sellouts nationwide. (More)
Flying together with our sponsor
➤ Markets are volatile. Inflation remains a concern. And every week seems to bring a new economic headline. When times are uncertain, getting good information matters. That’s why we’ve partnered with the Freedom Summit, a free online event on June 25 featuring economists, investors, and business leaders discussing what’s next for the economy, inflation, and financial markets. Register free today and save your spot.
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