Peavey Industries LP says it is closing its stores across Canada.
A statement from the company says store-closing sales will start at 90 Peavey Mart stores and six MainStreet Hardware locations, as it has obtained an initial order for creditor protection.
The company says the liquidation sales will begin immediately.
This comes after the company confirmed earlier Monday it was closing 22 Peavey Mart stores across Nova Scotia and Ontario.
The owner of the Peavey Mart farm and outdoor goods stores had said those 22 stores, which include shops in Bowmanville, Cornwall, Kingston, Kitchener, St. Catharines and Sudbury, would close by April. According to staff in Brandon, the local store is set to close within five months. The company also has two locations in Winnipeg, and one each in Winkler and Steinbach.
Peavey Industries LP says the decision to seek creditor protection and close its doors is due to several factors, including record-low consumer confidence, increased operating costs and continued disruptions to the supply chain.
(With reporting from The Canadian Press, January 28, 2025)
