A closeout or clearance is the final sale of
an item or items to zero
inventory. It may be a given model of item that it not selling well, or
in the case of the final closure of a retailer because of a relocation, a
fire (fire sale), or especially because of a bankruptcy. In the latter
case, it is usually known as a going-out-of-business sale, and is part of
a liquidation. A "hail sale" is a closeout at a car dealership after hail
damage. Often, when the store is shutting down, they let people know that
this is their last chance to buy the merchandise.
A closeout store is a retailer specializing in buying closeout items
wholesale from other retailers and selling them at a discount. Big Lots is
probably the most well-known closeout store chain in the U.S., but other
stores such as TJ Maxx, Ross Dress For Less, Marshall's, and Value City
are also common, specializing more in clothing and housewares.
Rather than storing merchandise until the
following year, almost every U.S. store also has post-holiday clearance
sales now, sometimes starting even before the holiday (especially
Christmas and Halloween).
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Some of the Best Clearance Centers Online
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Cant' Find it?
2505 N Texas St, Fairfield, CA 707 428-1043
818 Alamo Dr, Vacaville, CA 707 469-9330
Kohl's Department Store
1190 Admiral Callaghan Ln, Vallejo, CA 707 649-9851
424 Executive Ct N # A, Fairfield, CA 707 864-8044
141 Plaza Dr, Vallejo, CA 707 554-6599
161 Nut Tree Pkwy, Vacaville, CA 707 455-7674
Ross Dress For Less
3331 Jefferson St, Napa, CA 707 258-2100
133 Plaza Dr, Vallejo, CA 707 552-9565
1300 Gateway Blvd, Fairfield, CA 707 399-8425
T J Maxx
5063 Business Center Dr, Fairfield, CA 707 207-0661
|Early discounts are often
around 25%, but range from zero to as much as 50%, particularly if the
"regular" prices were deliberately inflated as some stores do. 50% is
common just after the holiday, often followed by 75%, and sometimes
even 90%, at which point there is very little if anything left to
choose from. Often during after-Christmas clearance sales, they let
people know that this is their chance to buy everything they didn't
get for Christmas, or jokingly, "everything Santa Claus forgot."
Some stores do pack-up holiday merchandise
after going 50% off for a week or so, but often fail to remove the
items from shelves before going back to regular price. A few merchants
actually get credit back from vendors for throwing out certain
merchandise, letting it go completely to waste and filling up
landfills instead of being given to charity.
Some customers take note of when specific retailers normally mark down
merchandise further, showing up at the store on the very first day for
the best selection. More general seasonal merchandise (such as winter
clothing or summer patio furniture) is also put on clearance, but at
more irregular times, making way for new fashions and fads.
Even thrift stores have "rolling" closeouts. In this case, all
merchandise put out in a given week is given a colored tag, or a
letter to indicate what color if the item is directly marked with a
grease pencil. During the last week before the color is used again,
everything marked in that color is discounted, usually by 50%. At the
end of the week, all remaining item with that tag color are removed
from the shelves. There are typically four colors, so that all
merchandise is rotated every month or so. Some independent stores may
use other similar systems, such as using more colors, and possibly
marking down a color by 25% the week before it goes 50% off.
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