The most common and most likely answer to this crossword clue is the 9 plus 5 letter word CLEARANCE SALES
I've seen this crossword clue in Financial Times
C
L
E
A
R
A
N
C
E
S
A
L
E
S
More clues leading to the result CLEARANCE SALES
Buddy explains!
The straight part
We know that "events caused by/shops closing down" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case events caused by/shops closing down = clearance sales.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.