Clearance events are special sales or promotions where retailers significantly reduce prices on their products to clear out inventory. These events often occur at the end of a season, during holidays, or when a store is making room for new merchandise. Shoppers can find discounts on a wide range of items, from clothing to electronics. During clearance events, customers can take advantage of lower prices, making it an excellent opportunity to purchase items at a bargain. Retailers like Walmart and Target frequently hold these events, attracting budget-conscious consumers looking for deals.