American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Target doubles bonuses for salaried employees as profits surge

by admin March 27, 2024
March 27, 2024
Target doubles bonuses for salaried employees as profits surge

Target is ratcheting up bonuses for salaried employees, including leaders in stores and across supply chains, thanks to a surge in profits.

The move comes thanks to $2 billion in additional profit growth for 2023, a company spokesperson said in a statement Thursday.

Target’s stock surged in November after having fallen for much of 2023 as the company reported it had lowered costs to offset a slowdown in consumer discretionary spending. Since mid-November, Target’s shares have climbed 54%.

The company spokesperson confirmed that eligible Target employees received 100% of their 2023 bonuses, up from 50% the previous year.

“We’re rewarding our team accordingly,” the spokesperson said.

In-store managers and supply-chain operation leaders are among those who will get the increased bonuses, the statement said.

Bloomberg first reported the news.

The profits bump is part of a trend of stronger earnings growth for companies across the board as inflation cools and labor productivity surges to all-time highs.

On Thursday, stock indexes closed at all-time highs.

The bonuses don’t apply to Target’s hourly employees, whose pay starts at $15 an hour except in markets like California, where it rises to $19.75. That compares with a starting hourly wage of $14 for Walmart workers.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Why a small China-made EV has global auto execs and politicians on edge
next post
Reddit pops 48% in NYSE debut after selling shares at top of range

Related Posts

Should you buy Coinbase stock after its post-earnings...

November 1, 2024

From Cook to Zuckerberg: Trump hosts tech titans...

September 5, 2025

Is it safe to buy the dip in...

April 21, 2025

Top 3 catalysts for SPY, DIA, and QQQ...

April 27, 2025

Starbucks expands coconut water drink test to hundreds...

August 21, 2025

Lloyds share price technical analysis: can it keep...

March 26, 2025

Pudgy Penguins faces stiff competition as iDEGEN dominates...

January 28, 2025

Mullen Automotive stock has imploded: can MULN recover?

December 16, 2024

Dow Futures tumble 300 points amid renewed trade...

July 5, 2025

The Body Shop shuts down in the U.S....

March 14, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Bulgaria plans for continuous oil supply for Lukoil-owned refinery after US sanctions

      October 26, 2025
    • Apple Q4 earnings preview: here’s what to expect

      October 26, 2025
    • France’s offshore wind ambitions stalled by political turmoil

      October 26, 2025
    • Europe bulletin: Zelensky calls for more weapons, Russia warns against EU sanctions

      October 26, 2025
    • US digest: Jeffries endorses Mamdani, Ford’s stock surge, US sanctions Colombian president

      October 26, 2025

    Categories

    • Business (4,373)
    • Investing (3,014)
    • Latest News (2,103)
    • Politics (1,541)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved