Funko Consolidates Its US Distribution Facility To Arizona

Pop culture lifestyle brand Funko Inc FNKO has relocated its main U.S. distribution facility from several distribution centers in Washington to one distribution center in Arizona.
The company is leasing a 958,000-square-foot facility in Buckeye, Arizona, which will create over 300 jobs.
Funko expects the facility to be operational in April 2022.
The new facility will distribute the Funko portfolio of brands, including Pop!, Paka Paka, GOLD, Loungefly, Funko Games, and more.
"The consolidation of several warehouses to one single facility will better improve our customer experience and maximize growth opportunities as our business scales," said CEO Andrew Perlmutter.
Funko's corporate headquarters remain in Everett, Washington.
Price Action: FNKO shares are trading lower by 0.56% at $17.74 on the last check Thursday.