What is Closeout?

A closeout or clearance sale is a sale intended to get rid of all remaining stock, either for a particular item, or the entire inventory. A closeout sale is held for similar reasons to a liquidation sale: to liquidate assets following bankruptcy, when a business relocates, or just because an item isn’t selling well, or a store wishes to get rid of old stock.

Closeout sales offer retailers, both online and offline, an opportunity to buy stocks in bulk at very low prices that can be resold for a good profit. When buying from closeout sales, be sure to determine whether there is a strong market for the items you are buying. Closeout stores include TJ Maxx, Ross Dress for Less, and Marshalls.

Fashion items such as clothing, shoes, and jewelries; are hot niches to sell online. Apart from sourcing them through wholesalers, you can also checkout some latest trends on closeout stores at really cheap prices. You can find out here to guide you more about selling fashion items online.

Related Terms



SaleHoo helps over 137,216 online business owners
find reliable low cost suppliers

Find out how