‘A sad day in retail’: Peavey Mart closing all stores, obtains creditor protection
- Peavey Mart announced it will close all 90 locations across Canada and has obtained creditor protection under the Companies' Creditors Arrangement Act from the Court of King's Bench Alberta.
- The decision follows challenges in the retail industry, including low consumer confidence, inflation, rising costs, and supply chain disruptions.
- Peavey Mart has served rural communities for nearly 60 years, providing essential goods like farm equipment and livestock.
- Local officials and customers express sadness over the store closures, highlighting the loss of jobs and community support.
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Coverage Details
Total News Sources0
Leaning Left3Leaning Right3Center1Last UpdatedBias Distribution43% Left, 43% Right
Bias Distribution
- 43% of the sources lean Left, 43% of the sources lean Right
43% Right
L 43%
14%
R 43%
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