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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 ]
The chain operated high-end men's and women's clothing stores, usually located in upper-class areas and shopping centers in the southern, western, and mid-western parts of the United States, and targeted sales to customers between the ages of 30 and 50. [2] [3] [4] Originally selling only menswear, Harold's added women's apparel in 1958.
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