closeout

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close·out

 (klōz′out′)
n.
A sale in which all remaining stock is disposed of, usually at greatly reduced prices.

close•out

(ˈkloʊzˌaʊt)

n.
1. a liquidation sale.
2. a sale on merchandise that will no longer be carried by the store.
[1920–25]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.closeout - a sale intended to dispose of all remaining stockcloseout - a sale intended to dispose of all remaining stock
cut-rate sale, sales event, sale - an occasion (usually brief) for buying at specially reduced prices; "they held a sale to reduce their inventory"; "I got some great bargains at their annual sale"
References in periodicals archive ?
Don't buy electrical components (breakers, extension cords or surge strips) from closeout stores or auction sites.
So I've had to do the shopping at a few closeout stores before, but not on such an extreme level as this.
Initially the Columbus, Ohio-based chain decided to close 40 units, but after a more extensive review, it consigned another 85 closeout stores and all 41 of its stand-alone furniture store to oblivion.
He said some consumers get their initial exposure to luxury bedding from closeout stores.
Most of the items in closeout stores are bought direct from manufacturers, allowing the retailers to maintain their low prices and helping to ensure product integrity.
SOME CALL IT EXTREME RETAILING, OTHERS JUST think of them as closeout stores.