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A closeout or clearance sale (also called a closing down sale in the United Kingdom [ 1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy. [ 2]
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Sears Outlet provides in-store and online access to new, one-of-a-kind, out-of-carton, discontinued, obsolete, used, reconditioned, overstocked, and scratch-and-dented merchandise at a discounted price (at twenty to sixty percent off regular retail price) [33] [34] Each store, on average, is larger than 18,000 square feet in size. [35]
Stock clearance, also known as inventory clearance, refers to the sale of remaining merchandise or goods at significantly reduced prices to clear out old or overstocked inventory, making room for new products. Companies often engage in stock clearance sales to optimise inventory levels, minimise holding costs, and free up space in warehouses or ...
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