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.
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. 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.
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. But the only label the 3,000-store Family Dollar chain cares about is low-price leader.
In addition, Kriegel said the company's experiments with big D closeout stores and leased units in Farm Fresh Inc.
Most are closeout stores but all 41 of the Big Lots' stand-alone furniture stores are also scheduled to be shuttered.
Tuesday Morning, the Dallas-based chain of deep-discount and closeout stores that specializes in gift and specialty items, opened five stores in four states last week, bringing its total to 368 stores in 37 states.
Rather than add the dropped merchandise to its inventory, executives opted to create a few strategically located closeout stores that would sell only the deleted merchandise