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A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
Liquidation value is typically lower than fair market value. [1] Unlike cash or other available liquid assets, certain illiquid assets, like real estate, often require a period of several months in order to obtain their fair market value in a sale, and will generally sell for a significantly lower price if a sale is forced to occur in a shorter ...
An estate liquidation is similar to an estate sale in that the main concern or goal is to liquidate the estate (home, garage, sheds and yard) with an estate sale organization [1] There is no government regulation of the industry. There is also no formal training for estate liquidators. [2]
In this economy, you can find a lot of stores in closeout sales mode. Liquidation stores, which are also often referred to as bin stores, are a great way to get up to 90% off of certain ...
When liquidators started sales at Linens 'n Things, ABC News found new, higher price tags on top of older, lower ones. Related: Iconic Department Stores We Miss. Jeka33/istockphoto.
It then was sold to Syms Corp., which filed for bankruptcy and held a liquidation sale. By the end of 2011, all Filene's Basement stores were closed permanently. nazdravie/istockphoto.
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