Meaning & use

closeout

noun·EverydayAmericanbusiness

Last updated

UK/ˈkləʊzaʊt/
US/ˈkloʊzaʊt/

Meanings

  1. nouncountableAmericanbusiness

    A sale held to get rid of remaining goods quickly, usually at low prices, often when a store or product line is ending.

    Grammar: Countable: a closeout, closeouts.

    Patterns

    • a closeout on something
    • at a closeout

    The bookstore held a closeout before shutting down.

    We bought the sofa at a closeout.

    A closeout on winter coats starts Friday.

  2. nounusually pluralAmericanbusiness

    A product sold off cheaply at the end of its sales life.

    Grammar: Often plural: buy closeouts.

    Patterns

    • buy closeouts

    The shop sells closeouts from big brands.

    He only buys closeouts for resale.

    These shoes are closeouts, so they are cheap.

Word forms

pluralcloseouts

Common combinations

closeout sale
A closeout sale begins Saturday.
closeout price
The closeout price was half the original.
closeout merchandise
Closeout merchandise fills the back aisle.
closeout store
A closeout store opened downtown.
closeout bargains
Shoppers hunted closeout bargains.

Synonyms and how they differ

clearance
Clearance is the British term for a closeout and also the common American term for marking goods down.
liquidation sale
A liquidation sale usually means a business is closing, while a closeout can be for one product.
fire sale
A fire sale suggests desperate low prices, a more extreme tone.
markdown
A markdown is just a price cut, but a closeout is a sale to remove stock.

Word family

close out phrasal verb
to sell off stock or to finish something
close verb
to shut or end
closure noun
the act of shutting
closing noun
the end of something

Commonly confused: closeout or closure? closeout or clearance?

closeout vs closure

Closure means the act of closing or emotional resolution, but a closeout is a sale.

closeout vs clearance

Clearance in British English is a sale, but elsewhere it can also mean permission or free space.

Practice

A shop announces a closeout on summer sandals. What should customers expect?

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