Frequently Asked Questions 1. If a large company buys a product in higher quantities than the company can sell, they must sell the overstock as closeouts. Closeouts are quality new items and come with full manufacturer warranties. They are not refurbished or used.
Many large companies liquidate perfectly good items in order to make room for the newer merchandise.
Millions of dollars worth of quality brand-name merchandise is discarded at bargain prices each month. A manufacturer is forced to close and must liquidate its goods. A large contract order is canceled, leaving the manufacturer with a huge quantity of special order goods Remember that distressed goods are still quality products and most carry the full factory warranty. A customer returned the product for some reason. Even if the product was unopened and in perfect condition, the manufacturer cannot resell the product at the regular price.