Peavey Mart stated the Canadian retail industry is “experiencing unprecedented challenges” such as “record low consumer confidence, inflationary pressures, rising operating costs and ongoing supply chain disruptions,” creating significant obstacles for its operations.

A Canadian farm goods store chain is closing all its stores and seeking creditor protection, putting an end to days of speculation about the chain's future from its customers, who now have to look for alternatives.

In Saskatchewan, there are Peavey Mart stores in Saskatoon, Regina, Prince Albert, North Battleford, Humboldt, Kindersley, Yorkton, Moose Jaw, Swift Current, Assiniboia, Weyburn and Estevan. There is also a location in the Saskatchewan-Alberta border city of Lloydminster.

The company that owns Peavey Mart announced Monday night it is closing all the stores across Canada, including the six Manitoba locations. Peavey Industries, which is based in Red Deer, Alta.,

The popular farm supply store Peavey Mart says that after nearly 60 years in business, it's closing all locations across the country and seeking creditor protection. Shoppers in Saskatchewan say losing the store will be tough.