The Funko warehouse in Everett. (Kevin Clark / The Herald)

The Funko warehouse in Everett. (Kevin Clark / The Herald)

Funko to close Everett warehouses, shift work to Arizona

The company headquarters are currently in downtown Everett, but distribution will move to a Phoenix suburb.

EVERETT — Funko, the pop culture toymaker headquartered here, is closing its Everett distribution center and consolidating at a new facility it has leased in Arizona.

“In an effort to better serve our customers and fans, Funko has made the decision to consolidate our warehouse operations to a single facility in Buckeye, Arizona, in 2022,” a company spokesperson said in a statement Thursday to The Daily Herald.

“We will be working with our distribution center employees to support them through the transition, including potential relocation and/or other opportunities within the organization.

“Funko will continue its investment in the city of Everett and is currently hiring for dozens of positions across the company,” the statement said. The company declined to provide further details about plans.

Funko operates two warehouses in Everett near Paine Field, at 1202 Shuksan Way and 6305 36th Ave. W., which reportedly employ hundreds of workers.

In October, the company leased an 863,000-square-foot warehouse in Buckeye, about 30 miles west of Phoenix.

According to a report by the Phoenix Business Journal, the company plans to employ about 360 people. Funko plans to occupy the space by April 1, according to the report.

This winter Funko began advertising for various positions at the Arizona location, including a human resources coordinator, a purchasing and inventory manager and warehouse positions, according to the company’s LinkedIn account.

Funko’s corporate headquarters are in downtown Everett. The company opened those offices in the old Bon Marche building in 2017. That same year, Funko went public on the Nasdaq Global Select Market under the stock symbol FNKO. Shares of Funko closed at $16.94 Thursday.

Funko was founded in 1998 in Snohomish by Mike Becker. Bobbleheads and coin banks based on cereal advertising mascots and retro characters were among the early products.

In 2005, Becker sold the company to Brian Mariotti, who expanded the portfolio through licensing deals for popular characters from comics, movies and TV shows.

Five years later, Funko debuted its signature Pop! line of vinyl figures with oversized heads and giant eyes.

Andrew Perlmutter took over as CEO this month after Mariotti announced he was stepping aside to become the firm’s chief creative officer. Mariotti continues as a member of the board of directors.

Janice Podsada; jpodsada@heraldnet.com; 425-339-3097; Twitter: @JanicePods.

Talk to us

More in Herald Business Journal

Logo for news use featuring Snohomish County, Washington. 220118
Business Briefs: State minimum wage rises in January

Also, Boeing workers’ donations support local nonprofits and fundraiser for businesses impacted by Bolt Creek wildfire.

Jollee Nichols, right, and daughter Ruby, 2, work on an art project together at the Imagine Children’s Museum on Wednesday, Oct. 26, 2022 in Everett, Washington. (Olivia Vanni / The Herald)
With new addition, Imagine Children’s Museum doubles in size

More than just space, the Everett museum’s new $25 million wing is an investment in mental health.

Artistic rendering of 526 Speedway exterior. (Mosaic Avenue Realty Ltd.)
Mosaic Homes looks to add industrial condo space in Mukilteo

Mosaic Homes steps into commercial real estate development with 526 Speedway, an industrial condo project.

Andy Illyn with a selection of his greeting cards, Cardstalked, that are sold at What’s Bloomin’ Floral on Friday, Oct. 28, 2022 in Arlington, Washington. (Olivia Vanni / The Herald)
Adventure-seeking cop finds new thrill in greeting cards

Mukilteo assistant police chief Andy Illyn unwinds by turning puns and dad jokes into greeting cards.

Dan Murphy, left, Mary Fosse and Rex Habner. (BadgleyPhotography.com / Snohomish & Island County Labor Council)
Everett City Council member honored by local labor council

Mary Fosse, candidate for District 38, receives the first annual Mike Sells Labor Champion award.

Screen printed dish towels available at Madrona Supply Company on Saturday, Oct. 22, 2022 in Clinton, Washington. (Olivia Vanni / The Herald)
Do some good along with your Christmas shopping

Head across the Sound to Whidbey Island for gift-buying with a do-gooder spirit

Shoppers walk in and out of Macy’s at Alderwood Mall were Black Friday deals are being advertised on Thursday, Nov. 17, 2022 in Lynnwood, Washington. (Olivia Vanni / The Herald)
Go ahead, hit snooze: Most Black Friday deals are online

Braving the stores on Black Friday is still a thing, but more retailers are closed on Thanksgiving.

FILE - In this photo provided by the Washington State Department of Natural Resources, a crane and boats are anchored next to a collapsed "net pen" used by Cooke Aquaculture Pacific to farm Atlantic Salmon near Cypress Island in Washington state on Aug. 28, 2017, after a failure of the nets allowed tens of thousands of the nonnative fish to escape. A Washington state jury on Wednesday, June 22, 2022, awarded the Lummi Indian tribe $595,000 over the 2017 collapse of the net pen where Atlantic salmon were being raised, an event that elicited fears of damage to wild salmon runs and prompted the Legislature to ban the farming of the nonnative fish. (David Bergvall/Washington State Department of Natural Resources via AP, File)
State won’t renew leases for Puget Sound fish farms

Cooke Aquaculture has until Dec. 14 to wrap up steelhead farming and begin deconstructing their equipment.

Kevin Flynn, right, a meat-cutter with the Marysville Albertsons, hands a leaflet to a shopper during an informational campaign on Wednesday, Nov. 9, 2022. Flynn was one of about a dozen grocery store workers handing out leaflets to shoppers about the proposed merger between Albertsons and Kroger. (Mike Henneke / The Herald)
Proposed merger of Albertsons and Kroger worries employees

Workers at an Albertsons in Marysville urge shoppers to sign a petition blocking the $25 billion deal.

Kim Taylor, left, and Jeff Stoner co-own Greenbank Cidery, a newly opened taproom on Whidbey Island with eight varieties of cider on tap. (Rachel Rosen / Whidbey News-Times)
Cider tasting room opens on Whidbey Island

The owners of Greenbank Cidery have opened a tasting room in Coupeville. Eight varieties of cider are on tap.

Erika Heer, EVP, Chief Human Resources Officer at Coastal Community Bank
Quiet Quitting – the good, bad and what to do about it

Mid-summer, the term ‘quiet quitting’ became a part of the vocabulary of… Continue reading

Customers walk in and out of Fred Meyer along Evergreen Way on Monday, Oct. 31, 2022 in Everett, Washington. (Olivia Vanni / The Herald)
Store managers in Everett plead for help with crime, public safety

Two Fred Meyer stores report theft, drug use and threats, despite increased security and presence from Everett police.