If you are nearing the end of your fiscal year, chances are you are reviewing your product sales and business strategies in 2016 to determine what worked and what needs improvement. The same is true for promotional products companies. As factories examine their inventory, many promotional items will appear on closeout lists - offering substantial savings to savvy shoppers.
There are many factors that can cause an item to be placed on clearance. It rarely means that the product is flawed or not valuable as a promotional product. Which means a huge opportunity for you to stock up on some great items at a steal. In fact, here are a few examples or the most common reasons items become closeout deals.
Individual Colors
Some colors do not sell as robustly as others, so items in certain colors may be placed on closeout while other colors are not. For instance, this cooler/lunch bag is a popular item, especially in the colors of royal, red, and lime. The orange and purple bags did not sell as well, and 50 pieces in these two colors can be purchased at $2.75 each versus the regular price of $6.56. That's a savings of 57% and could be the perfect fit for your company and your budget!