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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 ]
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From June 20 to August 2022, Morris offered a pop-up clearance and closeout location in the former Elder-Beerman space. [39] In February 2024, it was reported that Dick's Sporting Goods planned to open a Dick's House of Sport location in the former Elder-Beerman store.
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