Does Closeout Mean Discontinued?

A closeout or clearance is the final sale of an item or items to zero inventory. It may be a given model of item that is not selling well, or in the case of the final closure of a retailer because of a relocation, a fire, or especially because of a bankruptcy.

What does closeout mean in retail?

A closeout or clearance sale (closing down sale in the United Kingdom) 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.

What does closeout mean in Kroger?

When an item is being discontinued or hasn't sold for a while, Kroger stores will dramatically reduce its price and slap on a white closeout label. Closeout items are typically found on regular shelves next to full-price items, so be sure to scan the shelves in every aisle you come across!