BargainStation was officially launched in 2007 by the founders of SpaceBound, Inc., which are also the owners of NothingButSoftware and PricePlunge. BargainStation manages to offer deep-discounts on overstock products because of the closeout merchandise that they are able to acquire. The BargainStation daily deal offers one of these items at even greater discounts for 1 day only (unless the item sells out early).
So what does BargainStation mean when they say closeouts? Well as BargainStation puts it: "products no longer in retail outlets - stores who had to make room for new releases or cancelled their orders, overproduction of products and publishers and/or manufacturers who have downsized."