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Closeout (sale) A closeout or clearance sale ( closing down sale in the United Kingdom [1]) 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. [2]
Breakdown of UK daily newspaper circulation, 1956 to 2019. At the start of the 19th century, the highest-circulation newspaper in the United Kingdom was the Morning Post, which sold around 4,000 copies per day, twice the sales of its nearest rival. As production methods improved, print runs increased and newspapers were sold at lower prices.
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The term "car boot sale" refers to the selling of items from a car's boot. Although a small proportion of sellers are professional traders selling goods, or indeed browsing for items to buy, most of the goods on sale are used personal possessions. Car boot sales are a way of attracting a large group of people in one place to recycle useful but ...
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Poundland is a British variety store chain founded in 1990. It once sold most items at the single price of £1, including clearance items and proprietary brands. The first pilot store opened in December 1990 following numerous rejections by landlords who had reservations about allowing a single-price store to operate, fearing it could adversely affect the local competition.
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