closeout sales
Store-closing price drops
Closeout sales are deep discounts offered when a retailer needs to clear inventory—typically discontinued items, end-of-season merchandise, or stock from a store going out of business.
The goal is moving product quickly rather than maximizing profit: The furniture store's closeout sale had sofas at 70% off.
Also called clearance sales.
- clearancePermitted passage or approval
- liquidationSelling assets for cash
- bargainFavorable purchase price
- deep discountLarge price reduction
- discountReduced price offered
markdown · price slash · blowout · final · inventory · savings · warehouse · doorbuster · steep · slash · rack · bins · frenzy · deal · overstock · wholesale · rock-bottom · last day
- bargain shoppingdiscount stores, clearance items, warehouse clubs, markdowns, outlet malls
- Sales Typesliquidation, e-commerce
- bankruptcybankruptcy, bankruptcy court, Chapter 11, Chapter 7, bankruptcy petition
closeout salespremium pricing
Charging above competitors deliberately
regular price · MSRP · list price · markup · price gouging
closeout salesnew arrivals
product launch · restocking · stockpiling · premiere · buying spree
closeout salesgrand opening
Celebratory business debut
store opening · ribbon cutting · market entry · business expansion · soft opening
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