Definition, Meaning & Synonyms
closeout
Noun
/ˈkloʊs.aʊt/
Definition
A sale where items are sold at reduced prices, often to eliminate excess inventory.
Examples
- The store had a closeout sale, offering up to 75% off on all items.
- During the closeout, I was able to buy brand-name shoes for a fraction of the original price.
- Closeout events are great for finding bargains on products that are being discontinued.
Meaning
Closeout refers to a situation where a retailer is looking to clear out stock, often selling items at significant discounts.
Synonyms
- Clearance
- Liquidation
- Fire sale
- Final sale
