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If you’re looking to score a designer handbag at big discount, you’ll want to hop on these massive clearance deals from Kate Spade Outlet.

Alibaba has agreed to sell its entire stake in China’s largest hypermarket operator at a steep discount, as it sharpens its focus on core ecommerce operations amid intensifying competition.

“As many of you know, Pa Fabric Outlet is closing,” the store announced Sunday night on its Facebook page. “Our sale starts tomorrow with everything in the store being sold at 50 percent of ...