Peavey Mart Is Shutting Down All Locations Across Canada—Including Belleville

In a surprising turn of events, Peavey Mart, the beloved Canadian home and agriculture retail chain, has announced the closure of all its locations nationwide. This decision marks the end of nearly 60 years of service to communities across the country. (CTV News)

The company, headquartered in Red Deer, Alberta, revealed that it has sought and obtained creditor protection under the Companies’ Creditors Arrangement Act (CCAA). This move comes after initial plans to shutter 22 stores in Ontario and Nova Scotia escalated to a complete nationwide shutdown.

Peavey Mart attributes this drastic measure to several challenges, including record-low consumer confidence, inflationary pressures, rising operating costs, and ongoing supply chain disruptions. These factors have created significant obstacles for businesses like Peavey. (Town & Country Today)

Belleville Bids Farewell to Peavey Mart

Locally, the Belleville community will feel the impact as the Peavey Mart at 173 Dundas Street East prepares to close its doors. This location, along with those in Kingston and Peterborough, is among the many affected by the company’s nationwide shutdown. (Quinte News)

For years, the Belleville store has been a go-to spot for residents seeking quality agricultural supplies, hardware, and home goods. Its closure leaves a notable gap in the local retail landscape, prompting customers to seek alternatives for their farming and household needs.

The exact timeline for the closure has yet to be announced, so shoppers are encouraged to check in promptly.

The departure of Peavey Mart from Belleville is more than just the loss of a store; it’s the end of a chapter for a retailer that has been part of the community’s fabric. As residents reflect on the memories and services provided by Peavey Mart, the search for new local businesses to fill the void begins.

While the closure of Peavey Mart marks a significant change, it also opens the door for new opportunities and growth within the Belleville retail community. As the city adapts to this shift, residents remain hopeful for future developments that will continue to serve their diverse needs.

What Does This Mean?

The closure of Peavey Mart is part of a broader trend of retail challenges in Canada. In recent times, several notable retailers have shut down operations across the country:

  • Nordstrom: In March 2023, the upscale department store chain announced the closure of all its Canadian stores, citing an inability to achieve profitability in the market. (Wikipedia)
  • Bed Bath & Beyond: The home goods retailer closed its Canadian locations in April 2023, following financial difficulties. (Wikipedia)
  • Ricki’s and Cleo: In January 2025, store-closing sales commenced across Canada at all Ricki’s Fashions and Cleo Fashions locations as the parent company explored future possibilities for these brands. (Newswire)

These closures highlight the significant challenges faced by retailers, including shifting consumer preferences, economic pressures, and the need to adapt to changing market dynamics. For communities like Belleville, the departure of established retailers underscores the importance of supporting local businesses and exploring new opportunities to meet consumer needs.