noun a store owned and operated by a company for the convenience of its employees or customers
In the retail industry, a company store refers to a retail store that is owned and operated by a specific company, typically selling products produced by that company.
Historically, company stores were common in mining and logging communities, where they served as a store owned by the company that employed the local workers, often leading to exploitative practices.
In the corporate world, a company store can also refer to an online store or physical location where employees can purchase company-branded merchandise or products at discounted prices.
In the context of employee benefits, a company store may offer employees the opportunity to purchase goods or services using credits or points earned through performance or loyalty programs.
A writer may use the term 'company store' in a fictional story to describe a store owned by the company where employees can purchase goods using company credit.
A psychologist may use the term 'company store' in a case study about financial stress and the impact of limited purchasing options at a company store on employee well-being.
A business analyst may use the term 'company store' in a report analyzing the financial implications of offering goods and services through a company-owned store for employees.
A human resources manager may use the term 'company store' when discussing employee benefits and perks, including access to discounted products at the company store.