‘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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Sask. shoppers react as 12 Peavey Marts to close in province
The popular farm supply store Peavey Mart says that after nearly 60 years in business, it's closing all locations across the country and seeking creditor protection. Shoppers in Saskatchewan say losing the store will be tough.
·Canada
Read Full ArticlePeavey Mart confirms all 90 stores will be closing
From Retail Insider By Craig Patterson Sources have confirmed to Retail Insider that Peavey Mart, a Canadian retail chain known for its agricultural supplies, hardware, and home improvement products, is closing all of its stores nationwide. Liquidation sales began on the weekend. The store closures include the flagship location in Red Deer, Alberta, where the company’s headquarters are also based. This marks a significant and surprising turn …
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Leaning Left3Leaning Right4Center3Last UpdatedBias Distribution40% Right
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- 40% of the sources lean Right
40% Right
L 30%
C 30%
R 40%
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