Definition

Noun: A sale held by a retailer to sell off remaining stock, typically at reduced prices, in order to clear out inventory and make space for new goods.

Usage

A "clearance sale" is a specific type of sale event. It is used to describe a store's final effort to sell items, often because they are discontinued, out of season, or overstocked. The term strongly implies significant price reductions.

Examples

• The department store is having a clearance sale on all winter clothing.
• I bought this sofa for 70% off during the end-of-season clearance sale.
• Check the clearance sale section for the best deals.

Advanced Usage

• "Final clearance sale": Emphasizes that this is the last sale event before items are removed entirely, often indicating the lowest possible prices.
  • The "Going Out of Business" sign announced a final clearance sale with everything must go.

Variants and Related Words

• Clearance (noun): The act or process of clearing or removing items. Often used as a modifier (e.g., clearance items, clearance rack, clearance price).
  • I found this on the clearance rack.
• Clear out (phrasal verb): To sell items cheaply to get rid of them. This is the action a "clearance sale" accomplishes.
  • The store needs to clear out last year's models.

Synonyms

• Liquidation sale: Often used when a store is closing permanently.
• Closeout sale: Similar to a clearance sale, focusing on selling the last items of a particular line.
• Inventory reduction sale: A more formal term with the same meaning.

Related Phrases

• "Everything must go!": A common advertising phrase used during clearance or liquidation sales.
• "Prices slashed": Indicates deep discounts, commonly associated with clearance events.

Noun

1. a sale to reduce inventory