Company 'Targets' a higher wage for its employees

Share
Company 'Targets' a higher wage for its employees

The Target minimum wage increase will start this spring with employees that are now working at the company.

Although last fall's increase did not affect Washington workers because the minimum wage was already $11, the new raise will.

"2017 was a year of significant progress", Cornell said. "That means blending the best of our physical and digital assets to create new experiences for our guests and reimagining our network of stores into hubs for commerce and community".

The California state minimum wage is $11 an hour but the minimum wage is now $13 an hour in the city of San Jose and varies in other locales in the Bay Area.

The campaign for a $15 minimum wage has been divisive. The number of applicants was up by 60% after increasing minimum wage by $2. A starting wage of $12 is higher than the state-level minimum wage in all 50 states. The minimum wage increase would raise employment by 0.1%, equal to about 13,000 jobs, by 2023, according to the group's study.

Shares of Target Corp., which had fallen close to 5 percent before the opening bell, were down more than 3 percent in late morning trading, to $72.84.

Target earned $1.1 billion, or $2.02 per share, in the fourth quarter, compared with $817 million, or $1.45 per share, a year earlier.

It's also testing store-curb pickup for online grocery shopping, and Target is expanding next-day delivery for some products nationwide by the end of this year. On the same day, the company said it would lay off thousands of employees.

Share

Advertisement

Related Posts

Pep Guardiola: Man City should forget Barcelona comparisons and remember Wigan shocker
We told ourselves we wanted that record, even though the season was over and we had the trophy. "We have re-written Law 4 of the game so that things like a poppy are OK".

Spring time change is Sunday
Staten Islanders will welcome the unofficial start of spring when Daylight Saving Time goes into effect Sunday at 2 a.m. While residents will lose an hour of sleep when the clocks spring forward, they will gain an hour of daylight.

Canucks edge Isles in OT, but lose Boeser
Josh Bailey, John Tavares and Jordan Eberle scored for NY (29-29-9), which lost a season-worst seventh straight game. Mathew Barzal , playing near his hometown and before family and friends, assisted on each goal.

Esperion Therapeutics (ESPR) PT Set at $105.00 by Stifel Nicolaus
First Mercantile Trust Co. increased its holdings in shares of Esperion Therapeutics by 56.0% in the 4th quarter. (NASDAQ:ESPR). Keybank Natl Association Oh has invested 0% of its portfolio in Esperion Therapeutics , Inc. (NASDAQ:ESPR) for 45,000 shares.

Rams trade Alec Ogletree to Giants for two draft picks
The Rams could also look to re-sign Sammy Watkins and Trumaine Johnson , who are both expected to get big contracts. He was still a productive player for them, recording 367 tackles in 67 games in Rams uniform.

Brokerage Overview of: Merck & Co., Inc. (NYSE:MRK)
Stephens Inc decreased its stake in Merck & Co Inc ( MRK ) by 2.92% based on its latest 2017Q3 regulatory filing with the SEC. Following the transaction, the insider now owns 101,484 shares of the company's stock, valued at approximately $5,886,072.

Flow Traders US LLC Has $239000 Stake in Novo Nordisk A/S (NVO)
The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.04). Teva Pharma had 146 analyst reports since July 21, 2015 according to SRatingsIntel. (NYSE:BAM) rating on Monday, September 25.

Dayton Plan For Improving Security At Schools
Mark Dayton is pushing for a series of changes and improvements when it comes to school safety in Minnesota. In his plan, Dayton designated about $79,000 for Northfield Schools and $73,050 for the Faribault district.

United Kingdom should not be fooled by Saudi PR offensive, says Labour
There have been 33 executions so far this year, roughly split between people convicted for murder and drug dealing. However, human rights campaigners are planning a protest outside Downing Street at 5pm on Wednesday.

Bernie Sanders' Step Daughter Loses Bid For Mayor
She was slammed for payments her business received from a college her mother used to run. Bernie Sanders , lost her bid for mayor of Burlington, Vermont.

© 2015 ExpressNewsline. All Rights reserved.