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In this economy, you can find a lot of stores in closeout sales mode. Liquidation stores, which are also often referred to as bin stores, are a great way to get up to 90% off of certain ...
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 ]
This article originally appeared on USA TODAY: American Freight to close all 328 stores: 'Everything is on sale' Show comments. Advertisement. Advertisement. Holiday Shopping Guides.
During the liquidation process, the stores typically offered discounts starting at 5 to 30 percent off of retail prices, ending at up to 95 percent. [citation needed] Liquidation was completed on May 14, 2007. On December 7, 2007, CompUSA was sold to Specialty Equity, an affiliate of Gordon Brothers Group. [23]
American Freight, a discount furniture and appliance retailer with more than 328 locations across 41 states, including California, is permanently closing all of its stores as its parent company ...
Liquidation sales began on November 5, with stores closing by the end of the year. [25] However, in January 2025, a U.S. bankruptcy judge approved the sale of up to 28 American Freight stores and one distribution center to AF Newco I LLC. 2 additional locations were also included in the sale, but were eventually withheld due to possible state ...