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Target Corp.

Target to raise its minimum hourly wage to $15 by the end of 2020

Target to raise its minimum hourly wage to $15 by the end of 2020

Target Corp. said Monday that it is raising the minimum wage for its workers to $11 an hour starting next month and then to $15 by the end of 2020.

The company said the move will help it better recruit and retain top-quality staff and provide a better shopping experience for its customers.

The initiative is part of the retailer’s overall strategy, announced this year, to reinvent its business, including remodeling stores, expanding its online services and opening up smaller urban locations.

Target quietly raised entry-level hourly wages to $10 last year, from $9 the previous year, following initiatives by Wal-Mart and others to boost wages in a fiercely competitive...

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