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The Collapse of PV Mart: A Reflection of Changing Canadian Retail and Economic Fragility
In a sight that has become increasingly common across small towns and rural communities, the parking lots of PV Mart in Sherwood Park were surprisingly packed. Yet, what seemed like a busy shopping day belied the harsh truth — the retail giant, once a staple in Canadian life, was closing its doors. PV Mart, an Alberta-based retailer with a history spanning nearly six decades, announced the closure of all 90 of its stores along with six Main Street hardware outlets, leaving communities and industry experts reeling.