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 ?
For those with fading memories or shorter-term industry credentials, when Gene Kalkin founded LNT in 1975, it was much closer in format to a discount or closeout store than anything else.
"The closeout store is in the business of helping manufacturers with their problems," says Marc Miller, president, GO Grocery Outlet, Asheville, N.C., which operates 19 stores in North Carolina, South Carolina and Pennsylvania.
(*.) Opened an Amazing Buy closeout store with no pharmacy.
Space opens up next to an established Big Lots closeout store and the price is right: A new Big Lots Furniture store is born, attached to an already thriving retail magnet.
A major challenge moving into a new market, noted Miller, is educating the consumer about the nature of a closeout store in contrast to the discount chains.
Don't buy electrical components (breakers, extension cords or surge strips) from closeout stores or auction sites.
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.
SOME CALL IT EXTREME RETAILING, OTHERS JUST think of them as closeout stores. But the only label the 3,000-store Family Dollar chain cares about is low-price leader.
Most are closeout stores but all 41 of the Big Lots' stand-alone furniture stores are also scheduled to be shuttered.
He said some consumers get their initial exposure to luxury bedding from closeout stores. These same consumers purchase luxury products but later go to specialty stores to pay extra for items they can no longer find in the closeout stores.