A liquidation sale is a type of sale where a business sells off its inventory at reduced prices. This often occurs when a company is closing down, going out of business, or needs to clear out excess stock. The goal is to convert assets into cash quickly, making it an attractive opportunity for consumers looking for bargains. During a liquidation sale, items such as clothing, electronics, or furniture may be offered at significant discounts. These sales can attract many shoppers, as the prices are often lower than regular retail. However, the selection may be limited, and items are typically sold on a first-come, first-served basis.