"Going Out Of Business" refers to a situation where a company or store is closing permanently and will no longer operate. This often happens due to financial difficulties, such as not making enough sales to cover expenses. When a business decides to close, it may hold a sale to clear out remaining inventory. During this process, the business typically informs customers and employees about the closure. Legal steps may also be involved, such as filing for bankruptcy. The closure can impact the local economy, affecting jobs and the availability of goods and services in the area.