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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.
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.
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 company owes its blowout numbers to savvy clearance sales, a pull-back on promotions and inventory, and its grasp on what’s in vogue, like the wide-leg, low-rise jean.
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
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...
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 ...
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 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 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 .