"After their bankruptcy and closure of every store, like most Americans, we thought Bed, Bath & Beyond no longer existed," Newsrom said on X. "We wish them well in their efforts to become relevant again."

The retailer's inability to ignore California shows how the state is still an economic leader, with a gross domestic product higher than that of any other state and all but three countries.

More companies have moved out of the state than moved in over the last decade. Yet that net loss is dwarfed by the more than 7,000 companies founded in California during that time, according to the Public Policy Institute.