What is the True Definition of Closeouts ?
Closeouts are generally considered to be excess from a previous season’s production and are the result of changes in color, design, and fabric or missed deliveries. Closeouts by definition should all be first quality. Name-brand companies are left with millions of dollars in excess inventory each year and are forced to sell their excess inventory for several reasons: Products must be removed from shelves to make room for newer models; a change in financial circumstances or strategy may result in canceled orders; manufacturers may be downsizing or moving facilities; companies may need to reduce inventories for accounting reasons. As a result, the companies are forced to sell this first-quality inventory quickly and below their cost.
Related Questions
- Charter schools by definition are autonomous institutions. Why then do charter schools have to submit the Language Census and why do they have to submit it in conjunction with a particular LEA?
- What is the Advanced Credit Repair definition of "clearing up" a consumers credit report or improving their credit profile?
- What is the True Definition of Closeouts ?
