Sources close to Peavey Mart have said it will be closing all its stores across Canada, including their location in Steinbach.
The decision is part of a nationwide shutdown that will see nearly two dozen stores close by the end of February. There is no specific timeline announced for all stores.
The Peavey Mart in Steinbach was only opened to customers last spring and they held their ribbon cutting and grand opening in late April, 2024. On Sunday, it was announced that 22 stores across Ontario and Nova Scotia would be shuttered, and news quickly spread that more closures would be announced.
The following notice was placed in the front window of the Steinbach location Monday morning:
The retailer, which has been known for offering agricultural supplies, hardware, and home improvement products, has stated in a press release, that changing market conditions and declining profits are behind the closures.
The company has not provided specific details about the number of employees affected by the closures but said it is working to assist staff during the transition.
Peavey Mart customers have already noticed sales advertising closing and empty or unstocked shelves in the store.
