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A closeout or clearance sale ( 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]
1939; 85 years ago. ( 1939) Type. Cartel. Products. Incandescent light bulbs. The Phoebus cartel was an international cartel that controlled the manufacture and sale of incandescent light bulbs in much of Europe and North America between 1925–1939. The cartel took over market territories and lowered the useful life of such bulbs.
The provincial government of Nova Scotia stated in February 2007 that it would like to move towards preventing the sale of incandescent light bulbs in the province. In April 2007, Ontario's minister of energy, Dwight Duncan, announced the provincial government's intention to ban the sale of incandescent light bulbs by 2012.
The tubular-form CFL is one of the most popular types in Europe. A compact fluorescent lamp ( CFL ), also called compact fluorescent light, energy-saving light and compact fluorescent tube, is a fluorescent lamp designed to replace an incandescent light bulb; some types fit into light fixtures designed for incandescent bulbs.
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Outlet stores sell Sears merchandise at discount. Outlet stores are approximately 18,000 square feet and equipped with items such as home appliances, lawn and garden equipment, apparel, mattresses, sporting goods and tools. Outlet stores sell discontinued, used, cosmetically blemished or reconditioned merchandise with new parts.
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