A clearance sale can also be referred to as a blowout, closeout, liquidation, or end-of-season sale. These synonyms are commonly used to describe sales events that mark the end of a particular season or product line. Retailers often offer deep discounts on items during clearance sales to make room for new merchandise. A blowout sale typically involves a large-scale reduction in prices to eliminate stock, while a closeout sale is a final chance to purchase products before they're removed from inventory. Liquidation sales typically involve the sale of merchandise after a company goes out of business, while end-of-season sales are common in the fashion industry.