What are the differences among closeouts, overstocks, and 2nds?|â€¢ Closeouts: may be last year's model or color, yet always first hand quality. |â€¢ Overstocks: arises when our inventory is too high, and needs to be drastically reduced - always first hand quality. |â€¢ 2nds: Minor cosmetic blemishes or irregulars which do not affect the fit, performance, or longevity of the item. Label is usually clipped by the manufacturer. A small flaw means big savings.