Peavey Mart

[blastoff]

Overall good store for what I needed but some times service was horrible kind of like a lot of stores

 

[lilduke]

I’m sure the landlord will get screwed on the lease???

Thats usually why you make someone sign a lease, so you dont get screwed.

Not sure if peavy mart owns the building or what the deal is though.

 

[zal]

Peavey doesn't own the building here in our town. Out of the three buildings in the 47 years, they never owned the buildings in the town.

 

[niner]

Peavey Mart Centrium in Red Deer will need a new sponsor. That seems like a kiss of death to a company when they start sponsoring hockey rinks. Skyreach went tits up after sponsoring the northland’s coliseum. Looking like they tried the Trudeau economic plan…

 

[arff]

Leduc has a big closing sign up now

 

[arff]

Will check out sales

 

[snopro]

Yep head in to HR soon and see what plan is and grab some stuff I need before they quit. Cheapest cat food in my area

 

[+SLEDWRECKS+]

That's gotta hurt Guy's Transport. Them shinny trucks were Peavy's freight co.
Looks like Peavy purchased Guys in 2023

 

[blastoff]

I’m sure peavymart has a plan to get out of there leases if not that’s a lot of cash in millions of dollars to be forked over or owners getting the shaft up the you know what!

 

[blastoff]

So here is a statement they posted, as noted below. Not a lawyer but does this protect them from paying the lease anymore?? Any key board lawyers here?

On Tuesday morning, Peavey Mart released a public statement, saying, "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."

 

[Bnorth]

So here is a statement they posted, as noted below. Not a lawyer but does this protect them from paying the lease anymore?? Any key board lawyers here?

On Tuesday morning, Peavey Mart released a public statement, saying, "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."

Depends on the lease agreement. It probably has a 'force majeure' clause that accounts for them going out of business.

 

[blastoff]

Well there you go big shots will still get payouts or bonuses

 

[Rhodesie]

Couldn’t get near the peavy here in the hat today. Every hutterite within a thousand miles was there.

 

[ABMax24]

I stopped in today at the local Peavey Mart to see if there was any deals, but it was the same old overpriced junk as before. Most stuff was only 10% off, not a whole lot of items at 20% or 30% off.

Walked out empty handed

 

[imdoo'n]

That's gotta hurt Guy's Transport. Them shinny trucks were Peavy's freight co.
Looks like Peavy purchased Guys in 2023

View attachment 292682

peavy mart bought out guys transport a few years ago!

 

[sledneck__11]

Peavey mart was one of the only
Places that had teens working instead of new canadians the service was horrible but nice to see lol

 

[Cableguy]

princess auto gonna take them over?

 

[ferniesnow]

Just opened the store in Salmon Arm a year ago. Darn shame, as I did some of my shopping there.
That was where to get ivermectin in town.

Correction to the above...........
The store in Salmon Arm opened 2 and a half years ago according to one of the clerks.

 

[Rhodesie]

Peavey mart was one of the only
Places that had teens working instead of new canadians the service was horrible but nice to see lol

ya it's not often anymore that you visit a store that isn't run by ooga boogas.

 

[Mike270412]

I don't think Peavey Mart closing is going to affect my life at all.