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HomeNewsPeavey Mart Closing 22 Locations In Ontario

Peavey Mart Closing 22 Locations In Ontario

KAWARTHA LAKES-Peavey Mart has announced plans to close 22 locations in Ontario and  Nova Scotia. The Lindsay location is not impacted for now.

The company says the closures are part of a measured strategy to optimize Peavey’s retail footprint, focusing on reallocating resources to markets with stronger performance while addressing underperforming locations. The company 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 & 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 says it is mindful of 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 the years of support’.

Jest Sidloski, VP 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 make every effort of 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.”

The following Peavey Mart locations are 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 are closing, which had been announced by the company earlier.  The Lindsay location appears to have avoided this round of closures.

Peavey says 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 which could mean more closures.

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