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clear·ance sale
/ˈklirəns sāl/noun
- 1. a sale of goods at reduced prices to get rid of superfluous stock or because the store is closing down.
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A closeout or clearance sale (closing down sale in the United Kingdom) 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.
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.
The market-clearing theory states that prices in a free market tend towards equilibrium, where the quantity of goods or services supplied equals the quantity demanded. The theory assumes that prices adjust quickly to any changes in supply or demand, meaning that markets can reach equilibrium instantaneously.
Outlet store. An outlet store, factory outlet or factory store is a brick and mortar or online store where manufacturers sell their merchandise directly to the public. Products at outlet stores are usually sold at reduced prices compared to regular stores due to being overstock, closeout, returned, factory seconds, or lower-quality versions ...
Well, grab your credit card, because HSN is having a rare clearance sale — and it's only for 24 hours. Right now, you can save up to 50 percent off a massive range of items at HSN and get free...
When referring to overstock merchandise in the form of consumer goods in a retail operation, the term refers to goods that have never been purchased by a customer but that are considered excessive stock from shelves and/or warehouses.
This list covers security clearance terms used in the United States of America. Within the U.S. government, security clearance levels serve as a mechanism to ascertain which individuals are authorized to access sensitive or classified information.
A fire sale is the sale of goods at extremely discounted prices. The term originated in reference to the sale of goods at a heavy discount due to fire damage . It may or may not be defined as a closeout , the final sale of goods to zero inventory .
A series of three-letter trade terms related to common contractual sales practices, the Incoterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the global or international transportation and delivery of goods.
A price markdown is a deliberate reduction in the selling price of retail merchandise. It is used to increase the velocity (rate of sale) of an article, typically for clearance at the end of a season, or to sell off obsolete merchandise at the end of its life .