Liquidation sales are events where a business sells off its inventory at significantly reduced prices, often due to financial difficulties or the decision to close down. These sales allow companies to quickly convert their stock into cash, helping them settle debts or exit the market. Customers can find great deals on a variety of products, from clothing to electronics, during these sales. Typically, liquidation sales are organized by retailers or wholesalers and can take place in physical stores or online. The discounts can range from 20% to 90%, depending on the urgency of the sale. Shoppers should be aware that the selection may be limited, and items are often sold on a first-come, first-served basis.