Clothing closeout is pretty common in the present economic conditions, where maintaining a retail outlet and a warehouse space is expensive and valuable. Having excessive new clothes of previous design leads to blockage of space and the manufacturers try to dispose them. This leads to the selling of the merchandise at a lower price and the term used for this process is called as clothing closeout.Clothing closeout is a way of obtaining good quality clothes at low prices. When brand new clothes of different colors, designs and fabric of previous seasons remain in the inventory with new designs pouring in, there is confusion and shortage of space. Old clothes are then disposed in sale providing a chance for the public to buy well-known brands and good quality clothes at economical and affordable prices. It is a win-win situation for both the seller and the buyer.The seller is able to dispose excess clothes which were not sold before, though at a lower rate, thereby providing some revenue instead of complete loss. For the buyers, who cannot afford to buy clothes from reputed brands due to high price tags are able to do so due to high discounts. These clothes are usually brand new and never been used, because they are out of fashion or in excess quantity. One advantage of clothing closeout is the chance for the customers to create their own fashion statement. It is a well-known fact that people have their own style and try to establish their own fashion statement. Creating a personal style requires patience, money and creativity.In most cases, money becomes a critical factor preventing middle class people from trying out the latest trends. Closeout gives an opportunity to try various fashion clothing from different and diverse styles ranging from traditional to urban clothing, providing a way of combining fashion as per individual personalities. Clothing closeout provides a guarantee of replacement in cases, where the customers are not satisfied. Bargains and discounts are a part of the whole closeout process. This is definitely an added advantage to the customers.There is another aspect of closeout, which provide employment for many. The clothing closeout from manufacturers or main distributors, especially well-known brands provide an opportunity to buy the excessive clothing at wholesale rates. By selling them to retailers at a slightly higher rate, not only gives profit, but continuous business proposition as well. These organizations also buy from overruns, out of season and excessive clothing, creating a market of good clothing at affordable prices. Since these organization buy from different manufacturers, they provide a wide range of trendy apparel under one roof, making it easy for the customers to buy without having to browse through many online sites or physically search for closeout branches of known brands.The only negative point to be considered from the customer’s point of view is the probability of spending far more than planned. It is very easy to be tempted on browsing such good quality clothes at very low prices and overspend. It is essential to be very clear on the budget and stick to it. Clothing closeout is definitely the best way of buying clothes to create a personal identity without hurting the wallet.