Definition, Meaning & Synonyms
company-store
Noun
/ˈkʌmpəni stɔːr/
Definition
A retail store that is owned and operated by a company, typically for the benefit of its employees.
Examples
- The mining corporation owned a company store where workers could buy food and supplies.
- In the past, many company stores charged inflated prices for goods.
- Employees often relied on the company store for basic necessities when they lived in remote areas.
Meaning
Company stores often provide goods and services to employees at a lower cost or on credit, facilitating access to everyday items.
Synonyms
- Employee store
- Workplace shop
- Corporate store
