Peavey Industries to Close 22 Peavey Marts in Ontario & Nova Scotia

Brockville, Smiths Falls, Kingston & Cornwall to Close Locally!

Red Deer, Alberta – Peavey Industries LP (“Peavey”) has announced plans to close 22 Peavey Mart locations in Ontario and Nova Scotia.

They said in a media release that this decision marks an initial step in the company’s broader efforts to address current challenges, strengthen its operations, and position itself for future sustainability.

They went on to say in the release that 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.”

Those Peavey Marts to close locally are Brockville, Smiths Falls, Kingston and Cornwall. The rest include Arnprior, Bedford, Bowmanville, Chatham, Collingwood, Goderich, Grimsby, Kitchener, Lambeth, Mount Forest, New Liskeard, Sarnia, 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.

Peavey Industries also stated is deeply 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 of 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 making every effort to return 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.”

Karen Dilon, Chief Financial Officer, highlighted the role of partnerships in navigating this transition. “The support of our vendors and partners has been instrumental in this process. By making these strategic adjustments, we aim to build a more resilient business that can foster stronger partnerships and better meet the needs of our customers and communities.”