Why would a company purchase irregulars and closeouts?
The off price industry accounts for hundreds of millions of dollars a year in retail sales. Discount retailers purchase these products, swappers (flea market vendors), printers and embellishers and companies that repair garments. Irregulars and closeouts are usually purchased at a substantial discount to first quality in line production. These discounts can be from 20% to 80% off first quality prices. These discounts are usually passed on to the consumer and afford a merchant the opportunity to promote a product at a discount to the market.
