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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.
Sixth Avenue sold items for as much as 70 percent off in unofficial clearance sales during the middle of 2011. Following the company's collapse, one of its creditors, Toshiba , won a default judgment for $1.2 million after the Temiz brothers failed to respond to a lawsuit, and banks foreclosed against store properties owned by the brothers.
Get deals on holiday storage, 2024 planners, space heaters and more during Walmart's after-Christmas sales.
Nebraska Furniture Mart (NFM) is a home furnishing store in North America that sells furniture, flooring, appliances and electronics. It is the largest of its kind in North America.
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