Peavey Mart Shuts Down All Stores Across Canada Amid Economic Challenges

​Peavey Industries LP, the parent company of Peavey Mart, has announced the closure of 22 stores in Ontario and Nova Scotia as part of a strategic restructuring plan. The affected Ontario locations include Arnprior, 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.

This decision is attributed to several challenges in the Canadian retail environment, including record-low consumer confidence, inflationary pressures, rising operating costs, and ongoing supply chain disruptions.

The closures will result in significant job losses, affecting retail workers, warehouse staff, and supply chain personnel across Canada. This development adds to the ongoing challenges in the Canadian retail sector, which has been grappling with economic uncertainties and shifts in consumer behavior.​

Established in 1967, Peavey Mart has been a staple in many rural communities, offering products ranging from home improvement items to agricultural supplies. The company's exit underscores the broader issues facing the retail industry in Canada, highlighting the need for businesses to adapt to changing market conditions and consumer preferences. ​

For affected employees, understanding their rights and potential severance entitlements is crucial during this transition period. The closures not only impact the livelihoods of many Canadians but also serve as a reminder of the volatility present in today's retail landscape. ​

Have you been laid off by Peavey Mart Canada? Contact our employment lawyers today. Our legal team offers a free consultation and works on a contingency basis—there are no fees unless you win your case.

Tara Deschamps’s original article, “Farm goods store Peavey Mart to close all Canadian locations” was published in MSN News on January 23, 2025. Read the Full MSN News story.