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February 26, 2015

TJ Maxx, Marshalls will raise wages, too

  • What the major players in the U.S. retail industry decide to do will have a big impact on the job market as a whole.
    • By JOSEPH PISANI and ANNE D’INNOCENZIO
    AP Business Writers

    NEW YORK — The owner of T.J. Maxx, Marshalls and HomeGoods stores became the latest retailer to boost pay for its U.S. workers, putting pressure on other chains to do the same.

    TJX Cos. said Wednesday that it will increase pay for its U.S. workers to at least $9 an hour starting in June. The announcement came a week after Wal-Mart Stores Inc. said it would increase starting wages for its U.S. employees to at least $9 per hour by April and by at least $10 by Feb. 2016. Home furnishings retailer IKEA and Gap clothing chain also have raised pay recently.


     
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