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Brian Ford's Discount Store 1975 Bought by Tesco in 2004 2010 Opened by Brian Ford after the sale of the family Ford & Lock business to Gateway in 1974. The business opened in the former Deveres Kensington engineering building in Barnstaple, Devon expanding with an extension in 1981. The business was based on the 'cash & carry' principle.
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In the 1960s and 1970s the term "discount department store" was used, and chains such as Kmart, Zodys and TG&Y billed themselves as such. The term "discount department store" or "off-price department store" is sometimes applied to big-box discount retailers of apparel and home goods, such as Ross Dress for Less, Marshalls, TJ Maxx, and Burlington.
2/10 net 30 - this means the buyer must pay within 30 days of the invoice date, but will receive a 2% discount if they pay within 10 days of the invoice date. 3/7 EOM - this means the buyer will receive a cash discount of 3% if the bill is paid within 7 days after the end of the month indicated on the invoice date.
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