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WSS, formerly known as Warehouse Shoe Sale, is a national retail chain of shoe stores headquartered in Los Angeles, California, with 92 retail outlets as of January 2020. [1] Its parent company is Eurostar, Inc. [2] The company now known as WSS traces its roots to 1977 when Eric Alon first sold shoes at a swap meet.
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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 ]
Stock clearance is an activity by a company where ownership of products and materials moves on to another legal entity. These products and materials in stock clearance will not form the basis of a company's key activities. As such, they are often end-of-line, surplus, returned, or bankrupt.
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