Inventory that is sold off at a reduced price. This tends to happen right before a new model of a product, like a car, comes out, and the dealer needs to make room on the lot. Companies like Ross or Marshalls are filled with closeout apparel from other brands, and flash sale sites like Gilt and Bluefly operate similarly online.)
« Back to Glossary Index
A simple 12-step plan to leap over the wealth gap once and for all.
