The most common and most likely answer to this crossword clue is the 12 plus 4 letter word CLOSING-DOWN SALE
I've seen this crossword clue in Independent
C
L
O
S
I
N
G
-
D
O
W
N
S
A
L
E
Buddy explains!
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.