Can't speak for everyone, but i had this same thing come up with our eCommerce website. We added a feature to our eCommerce store that allowed us to "discontinue" the product. Meaning that we removed the product from being searched or listed in our store. However, if you visited the page by direct URL the product page would load and say discontinued and display a list of related products in hopes the customer would not bounce.
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RE: What is the best strategy to SEO Discontinued Products on Ecommerce Sites?