RED DEER — Peavey Mart made a post on their social media Tuesday morning, updating their customers in all the communities they serve
“To Our Valued Customers, and Communities,” Peavey Industries said in the post. “Yesterday [Jan. 27], our company announced that it had sought and obtained an Initial Order for creditor protection under the Companies' Creditors Arrangement Act (CCAA) from the Court of King’s Bench Alberta.”
The company noted that after recently closing 22 stores in Ontario and Nova Scotia, they will now begin liquidation sales at all 90 Peavey Mart and six MainStreet Hardware locations nationwide. The decision to seek creditor protection and close its stores followed significant challenges in the retail industry, including low consumer confidence, inflation, rising costs and supply chain disruptions.
“These factors have created significant obstacles for businesses like Peavey,” the company said.
They also reminded their customers all across Canada about many local initiatives Peavey Mart carried in the community they serve and called for further local support.
“As a proudly Canadian retailer with nearly 60 years of history, predominantly serving rural communities, we have faced the extreme pressures affecting Canadians across the country. Through it all, we have remained committed to the values that define us. For decades, Peavey Mart has supported local events, funded charities and worked to strengthen the communities we call home. If you’ve ever benefited from one of our partnerships or seen the impact of our initiatives, we humbly ask for your continued support to help us work through this challenging time.
“Every time you choose to shop locally or support a Canadian retailer, you help make your community more prosperous. By choosing Canadian retail businesses, you ensure that dollars stay within Canada, supporting the people, organizations and livelihoods that enrich our communities.”
The company also noted that they have seen people’s comments, posts, stories and “have felt all of them at our very core”.
“We acknowledge how difficult this has been for our staff, our customers and our communities. We know how much this brand means to you, and in return we want to say thank you. Your unwavering support has been the backbone of our organization’s history.
“Thank you for believing in us. We value our customers more than words can express.”
In under an hour, the Facebook post on its own had around a hundred comments, 500 reactions and over 300 shares.
