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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.
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 ...
Clearance Sale. Three prizes were shown and the contestant was given three price tags, each of which bore a sale price lower than one of the items' actual retail price. The contestant placed a price tag on each prize and won everything if each sale price was below the actual price of its respective prize. Credit Card
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.
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 ...
Sales in Domestic Tariff Area. A Unit can sell goods and services including rejects or wastes or scraps or remnants or broken diamonds or by-products arising during the manufacturing process or in connection therewith, in the Domestic Tariff Area on payment of Customs duties or Excise Duties, as the case may be.
Market clearing. In retail stores, when a business ends up with too much of a certain product, which remains unsold at its longstanding price (such as unsold summer clothing as the colder season approaches), the store will typically discount the price until the excess stock is sold, a simple example of "market clearing."
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 .
v. t. e. In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. This process turns the promise of payment (for example, in the form of a cheque or electronic payment request) into the actual movement of money from one account to another.
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 .