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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]
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Walmart is the world's largest company by revenue, according to the Fortune Global 500 list in October 2022. [14] In February 2023, Walmart announced that its FY2023 total revenue was $611.3 billion. [15] Walmart is also the largest private employer in the world with 2.1 million employees.
Grocery giant Superstores carry many non-grocery items akin to a department store. Woolco had 160 stores in Canada when operations ceased (Walmart bought out Woolco in 1994). Today the low-price Walmart is by far the most dominant department store retailer in Canada with outlets throughout the country.
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