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Report: Target to raise minimum wage
New York -- Target Corp. will raise its minimum wage to $9 per hour, with the change effective in April, according to a report late Wednesday afternoon by Dow Jones.
The move comes after several other major retailers, most recently Walmart and TJX Cos., unveiled similar wage hikes. It also comes amid a tightening job market. -
Burlington keeps turnaround going with 25 new stores planned
Buoyed by impressive fourth quarter sales, Burlington Stores Inc. is accelerating its expansion strategy, with plans to open 25 new stores in 2015 and a long-term goal of 1,000 stores coast-to-coast.
The off-price retailer reported that total revenue for the fourth quarter ended Jan. 31 grew 10% to $1.5 billion from $1.34 billion. Same-store sales rose 6.7%.
