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Martin Lumber & Hardware, Everett, Wa., permanently closed on Oct. 11 after 75 years in business. Equipment and remaining inventory is scheduled to be auctioned off on Oct. 30.
Dan and Jeanie Coleman, owners for the last 30-plus year, said the business is no longer profitable and they are ready to retire.
Recent challenges include the 2024 bankruptcy of their former hardware supplier, True Value; the rise of concrete and steel studs in construction as an alternate to lumber; the decrease in the number of local small independent home builders; and larger developers' preference of buying mill direct.
Jeanie Coleman’s father, Jim Martin, founded the lumberyard in 1950. She served as bookkeeper until the pandemic, when she passed her duties to her daughter, Paige.
Due to expansion, Martin Lumber & Hardware has moved three times over the years, ending up at its current location in 1976. Dan Coleman anticipates his site will give way to an apartment or office building.
