SOLD OUT - label for category list & product page

We would like to see a SOLD OUT label above the price of a product that has 0 inventory. I know the add to cart disappears but its causing confusion and been told the store has a glitch. I do know about the Out Of Stock option but that is allowing a person to check out with 0 Stock.

Hello Alex,

You meant that to show the SOLD OUT label automatically when product is out of stock?

Sincerely, Giang

This would be a nice feature.

Regards, Peter

OK Peter!

Has this feature been implemented for category list yet?

Expand this with the Labels feature (Catalog -> Labels). Be able to automatically assign labels based upon several Item states: Sold Out, Featured, New, etc. Also, be able to select a label from the Item/Category details, instead of forcing the user to go to the label details. If an Item is Featured, it should automatically be labeled as such.