Update - Peavey Mart confirmed on Tuesday that all stores would be closing.
LAKELAND - After announcing the closure of stores in Ontario and Nova Scotia last week, it appears Peavey Mart is shutting down nationwide.
According to Retail Insider, all locations in Canada will be closed due to financial difficulties for the Red Deer-based retailer.
Peavey Mart operates 90 stores across the country - including in St. Paul, Vermilion and Vegreville - and several other places in Alberta, carrying a range of hardware, automotive, outdoor and agricultural supplies.
The company has not publicly confirmed the closures, but social media posts made on Monday show that everything is on sale at some locations, with no returns.
The St. Paul Journal contacted the St. Paul Peavey Mart location for more information and was told no information could be provided.
The reported closures come a week after Peavey Mart announced the shutdown of nearly two dozen stores in Eastern Canada,
In a media release on Jan. 21, Doug Anderson, president of Peavey Industries, said those closures were part of ongoing efforts to adapt to changing market dynamics.
“The Canadian retail environment has faced significant disruption over recent years, and Peavey has not been immune to these challenges,” Anderson said.
The 22 locations were set to close by April this year. The media release has since been taken down from the company's website.
*With files from Robert Korotyszyn
