Definition
A clearance sale is a type of sale where retailers reduce prices drastically to get rid of old or excess inventory. Think of it as the store cleaning house to make room for new products. 🧹 Unlike a regular sale, the discounts are often much deeper and the items are usually being discontinued. Compared to a flash sale, clearance sales typically last longer and involve a wider range of products. The main goal is to clear out stock quickly. This benefits shoppers looking for great deals and retailers needing space.