Prince Albert Peavey Mart among list of stores to close

Jason Kerr/Daily Herald A ‘Store Closing’ sign just outside the Prince Albert Peavey Mart on 15th Street East.

Closure comes after all locations shut down in Ontario and Nova Scotia


Almost a week after closing 22 locations in Ontario and Nova Scotia, Peavey Mart is closing their store in Prince Albert.

The company has not made a formal announcement, but customers at the 15th Street East location were greeted with “Store Closing” signs as they walked into the building on Monday.

Employees said they couldn’t comment on the closure, and didn’t have a final date for when the store was closing. An email to the company’s corporate office in Red Deer went unanswered by press time.

“The Canadian retail environment has faced considerable disruptions in recent years, and Peavey has not been immune to these challenges,” Peavey Industries CEO and President Doug Anderson said in a press release announcing the company’s plan to close all stores in Ontario and Nova Scotia.

“These closures are a difficult, but necessary, step to stabilize and position our business for future growth.

Peavey Mart moved to its new location in Prince Albert in 2021. The company was still opening new stores throughout 2024, the most recent coming last September, when it opened a new location in Steinbach, Man.

Early this month, the company secured a $155 million financing package to “obtain inventory and driver operational improvements,” according to a press release.

At the time, Chief Financial Officer Karen Dilon said the package would enable the company to “build a more resilient business model.”

There are 11 Peavey Mart locations in Saskatchewan, including ones in Prince Albert, North Battleford, and Humboldt.

@kerr_jas • jason.kerr@paherald.sk.ca

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