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Lotte Department Store is the largest, operating more than 60 stores (including Lotte Outlets, Young Plazas, and foreign branches). Hyundai Department Store has about 19 stores (15 department, 4 outlet), and there are 13 stores in Shinsegae. Shinsegae has three outlet stores with Simon. Galleria has five, and AK has five stores.
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]
History 1907–1949 Neiman Marcus original store 1907-1913 at Elm and Murphy. Herbert Marcus Sr., a former buyer with Dallas' Sanger Brothers department store, had left his previous job to found a new business with his sister Carrie Marcus Neiman and her husband, Abraham Lincoln Neiman, then employees of Sanger Brothers competitor A. Harris and Co.
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