The retail giant currently pays a $15 per hour starting wage but said Monday that it would begin paying workers wages ranging from $15 to $24.
“You don’t have to wonder whether this is the last Thanksgiving you’ll spend with family and friends for a while,” Target CEO Brian Cornell wrote in a note to employees.
With the move, Target joins other retailers and restaurant chains — including Walmart, Chipotle, and Starbucks — that have programs that help employees pay for college.
A handful of corporations in the U.S. announced this year that they are making Juneteenth, the day traditionally used to commemorate the end of slavery, a companywide holiday.
Target, the eighth largest retailer in the U.S., has committed to 100% renewable energy by 2030, including all domestic stores, distribution centers, and offices.
The retailer’s moves announced at its annual investor meeting in Minneapolis, where the company is based come as its ambitious plan to make itself over is driving more people to its stores and its website.
Thousands of Target employees are about to get a raise.
By 2022, Target will source its own brand paper-based packaging from sustainably managed forests, eliminate expanded polystyrene from its brand packaging, add the How2Recycle label to its packaging, and create more demand for recycled packaging.