What is closeout?

Closeout refers to the sale of products or merchandise that is being discontinued or phased out by a retailer or manufacturer. These products are usually offered at a deeply discounted price to clear out the inventory and make room for new merchandise.

Closeout sales are often held at the end of a season or when a store is closing. They can be a great opportunity for shoppers to get deals on quality products, but they can also be a way for retailers and manufacturers to recoup some of the costs of unsold inventory.

Some common types of closeout sales include clearance sales, liquidation sales, and overstock sales. Closeout merchandise can include anything from clothing and electronics to toys and home goods.

It's important to note that closeout products may not always be in perfect condition, as they may be discontinued or damaged goods. Be sure to check for any defects or issues before making a purchase.