A closeout or clearance sale is a discount sale of inventory either by retail or wholesale. It is a retailer specializing in buying closeout
items wholesale from others and selling them at low prices. A final sale of an item or items to zero inventory. A store that is closing will often advertise to customers their last chance to buy. However, often closures are from companies that can't sell their inventory, inventors whose ideas were not marketable, or businesses needing fast incoming cashflow to pay debts such as payroll or rent.