Ads
related to: clover pools rochester ny patio furniture clearance closeout sale
Search results
Results from the WOW.Com Content Network
Shop July 4th sales on patio furniture at Amazon, Wayfair, Target, Walmart and more. (Photo: Target) (Target)
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 ]
Clover was a discount chain of 26 stores operated by Strawbridge & Clothier in Pennsylvania, New Jersey, and Delaware. Clover stores averaged 80,000 sq ft (7,400 m 2 ), but the first five stores it opened ran about 95,000 sq ft (8,800 m 2 ) to 100,000 sq ft (9,300 m 2 ).
The following years saw Fortunoff continue to struggle, and on February 4, 2008, the chain filed for Chapter 11 bankruptcy along with accepting the $100 million sale to NRDC Equity Partners, [3] [4] the parent company of longtime New York retailer Lord & Taylor. The sale was estimated to include Fortunoff's debt of approximately $60 million. [5]
AOL latest headlines, entertainment, sports, articles for business, health and world news.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Ads
related to: clover pools rochester ny patio furniture clearance closeout sale