Peavey Mart, a Canadian retailer with a history spanning over five decades, has announced plans to close all of its stores across the country, totaling more than 90 locations. The decision signals the end of an era for the farm and ranch retailer, which has been a staple in communities across Canada.
The company initially announced the closure of 22 stores in Ontario and Nova Scotia last week, citing efforts to restructure and address operational challenges. However, reports from Retail Insider confirm that all Peavey Mart locations nationwide will now close, with liquidation sales beginning this weekend.
Doug Anderson, president and CEO of Peavey Industries LP, acknowledged the challenges facing the Canadian retail sector in recent years. “The Canadian retail environment has faced significant disruption, and Peavey has not been immune to these challenges,” Anderson said in a press release.
The company expressed gratitude to its employees and communities, emphasizing the lasting legacy of their contributions. “To our employees, we cannot thank you enough for your hard work, resilience, and passion,” the statement read. “To the communities we have served, we are grateful for the trust and loyalty you have shown over the years.”
Among the locations slated for closure by April 2025 are several Ontario stores, including those in Arnprior, Bowmanville, Kitchener, Sudbury, St. Catharines, Woodstock, and many others. Locations in Rockland and Hyde Park, previously announced for closure, are also part of the shutdown.
Founded in 1967 as National Farmway in Dawson Creek, B.C., the company rebranded to Peavey Mart in 1975 when it became a subsidiary of Minneapolis-based Peavey Company. It returned to Canadian ownership in 1984 and acquired the TSC Stores banner in 2017, expanding its footprint in Ontario and Manitoba.
Peavey Mart’s closure is part of a larger wave of retail challenges in Canada. Several retailers, including Johnston & Murphy, Ricki’s, cleo, and Frank and Oak, have also announced store closures or filed for bankruptcy this month, reflecting a challenging environment for brick-and-mortar businesses.
As liquidation sales begin, many communities will bid farewell to a brand that has been deeply woven into Canada’s retail and rural landscape for over half a century.