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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 ]
Ollie's Bargain Outlet Holdings, Inc., commonly referred to as Ollie's Bargain Outlet is an American chain of discount closeout retailers. It was founded in Mechanicsburg, Pennsylvania , in 1982 by Morton Bernstein and Mark L. Butler with backing from Harry Coverman and Oliver E. "Ollie" Rosenberg; the latter of whom is the namesake of the company.
[6] [7] Grocery Outlet's 100th store opened in 1995. [13] In 2001, Grocery Outlet acquired all remaining liquidated inventories of Webvan following the online grocery delivery service's bankruptcy. [15] During the same year, Grocery Outlet acquired online retailer Wine.com's remaining inventory following that retailer's bankruptcy. [16]
Building #19 was a New England chain of discount closeout retailers that operated from 1964 until it declared bankruptcy in 2013. [5] At the time of its bankruptcy, it had thirteen stores. The family that owned the chain later reopened two of the former locations as a part of a new business, The Rug Department , that was limited to rugs and ...
Mill Conversion or mill rehab is a form of adaptive reuse in which a historic mill or industrial factory building is restored or rehabilitated into another use, such as residential housing, retail shops, office, or a mix of these non-industrial elements .
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