ESTEVAN — Peavey Mart is set to close, according to local sources and other media reports.
Its store Estevan introduced a 10 per cent store-wide sale last weekend, and some departments were already looking half-empty. A sign at the door indicated that supplier shortages were to blame for low inventory, however, the discussions circulating in the community suggest a different explanation.
While there have been no official announcements about Peavey Mart locations outside Ontario and Nova Scotia as of Jan. 27, and no signs indicating store closures, people affiliated with the store have said they were informed the store is closing, though it’s unclear when.
Retail Insider reported on Jan. 27 that, according to their source, the entire Peavey Mart chain, including the flagship location in Red Deer, Alta., is closing nationwide, with liquidation sales starting over the weekend.
Similar discussions have been circulating across Saskatchewan communities over the weekend, including, but not limited to, Saskatoon, Regina and others.
SaskToday reached out to Peavey Industries LP for comment but has not yet received a response.
On Jan. 21, Peavey Industries LP announced plans to close 22 Peavey Mart retail locations in Ontario and Nova Scotia. This decision marked an initial step in the company’s broader efforts to address current challenges, strengthen operations and position itself for future sustainability, according to a media release.
The company said closures are part of a strategy to optimize Peavey’s retail footprint by reallocating resources to markets with stronger performance and addressing underperforming locations. It has engaged Gordon Brothers Realty Services LLC, a global leader in real estate advisory, to ensure a seamless transition for employees, communities and all stakeholders involved.
“The Canadian retail environment has faced significant disruption over recent years, and Peavey has not been immune to these challenges,” said Doug Anderson, president and CEO of Peavey Industries LP. “We recognize that difficult decisions like these are necessary to create a more stable foundation for the long-term success of our business. While this is a step forward, it’s part of an ongoing process to adapt and rebuild in response to changing market dynamics.”
Peavey Industries acknowledged the impact these closures will have on employees and communities.
“To our employees, we cannot thank you enough for your hard work, resilience, and passion,” the company stated. “You have been the heart of Peavey Mart, and your contributions have left a lasting legacy. To the communities we have served, we are grateful for the trust and loyalty you have shown over the years. We know how much the Peavey Mart brand means to you, and we want to thank you for your years of support.”
Jest Sidloski, vice-president of customer experience, emphasized Peavey’s ongoing dedication to its customers.
“We fully understand the challenges these changes bring to our employees, customers and the communities we serve. While these closures are a necessary step, we remain committed to returning to the value-driven, reliable service our customers have come to expect over the past six decades. This is only the beginning of a larger effort to strengthen our operations, and we ask for your continued patience and support as we adapt to better serve you in the future.”
Karen Dilon, chief financial officer, highlighted the role of partnerships in navigating this transition.
“The support of our vendors and partners has been instrumental in this process. By making these strategic adjustments, we aim to build a more resilient business that can foster stronger partnerships and better meet the needs of our customers and communities.”
As of Jan. 21, the following Peavey Mart locations were scheduled to close by or before the end of April 2025: Arnprior, Bedford, Bowmanville, Brockville, Chatham, Collingwood, Cornwall, Goderich, Grimsby, Kingston, Kitchener, Lambeth, Mount Forest, New Liskeard, Sarnia, Smiths Falls, St. Catharines, St. Jacobs, St. Thomas, Sudbury, Woodstock, and Uxbridge. Additionally, the organization’s Rockland and Hyde Park locations were previously announced for closure.
No other provinces were announced to be affected by the restructuring at that time.
“Peavey Industries acknowledges that these closures represent a critical but initial phase in its restructuring efforts. The company will continue to evaluate and respond to the evolving needs of the business,” the media release concluded.
With 90 stores nationwide, Peavey Mart has been serving many rural and small-town communities, being a one-stop shop for many farmers, ranchers and homeowners. The Canadian company was established in 1967 in Winnipeg and has headquarters in Red Deer.
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