California Gov. Gavin Newsom’s (D) workplace on Wednesday knocked Mattress, Tub & Past after the corporate introduced it will not open any new retail shops within the Golden State.
“After their bankruptcy and closure of every store, like most Americans, we thought Bed, Bath & Beyond no longer existed,” the California governor’s workplace posted on social media platform X.
“We wish them well in their efforts to become relevant again as they try to open a 2nd store,” the account added.
Mattress, Tub & Past introduced this week it will not open or function any new shops in California, citing what it referred to as an “overregulated” and a “risky environment” for companies.
“This decision isn’t about politics — it’s about reality,” Marcus Lemonis, the corporate’s government chairman, mentioned in a Wednesday assertion.
He mentioned California’s enterprise atmosphere “makes it harder to employ people, harder to keep doors open, and harder to deliver value to customers.”
Lemonis famous the retailer may have shops in “almost every other state.”
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Mattress, Tub & Past closed all of its greater than 300 shops throughout the nation and declared bankrupty in 2023.
Two years later, the corporate is making an attempt to stage a comeback, opening its first brick-and-morter retailer in Nashville, underneath the marginally modified identify Mattress Tub & Past House.
In California, whereas it doesn’t have plans to open any shops, the corporate says it’s providing 24-48 hour supply providers in addition to same-day service for some merchandise.
In his announcement this week, the corporate’s chairman focused California’s insurance policies, saying, “Higher taxes, higher fees, higher wages that many businesses simply cannot sustain, and endless regulations that strangle growth.”
Retail theft has soared over the previous two years, leading to residents approving Proposition 36 in November to make repeat shoplifters topic to felonies.
“Even when the state announces a budget surplus, it’s built on the backs of ordinary citizens who are paying too much and businesses who are squeezed until they break. At Bed Bath & Beyond, our responsibility is to our customers and our shareholders. We will not participate in a system that undermines both,” Lemonis mentioned.
