What is a closeout sale?

A closeout sale is a type of retail sale in which a business offers discounted prices on items that they are discontinuing or trying to clear out their inventory. Closeout sales are often held to make room for new merchandise or to get rid of items that are not selling well.

Closeout sales can occur for various reasons, such as a change in seasons, overstocked inventory, rebranding, or closing down a business. The items sold during closeout sales are often marked down significantly, making them a great opportunity for shoppers to find deals on products they may not have been able to afford at full price.

Closeout sales may take place both in-store and online, and can include a wide range of products such as clothing, electronics, furniture, home goods, and more. It is important for consumers to act quickly during closeout sales as items are typically available in limited quantities and may sell out fast.