The big box chain announced today that it will hand out $ 500 to all hourly team members in its stores, distribution centers, headquarters and field offices. The store managers, executives of the executive team and the heads of the employed distribution centers – a total of about 12,000 – also receive bonuses between 1,000 and 2,000 US dollars.
The total investment amounts to around 200 million US dollars and is the fifth time that that the Minneapolis-based company is offering workers additional payments as part of the global pandemic. Additionally, Target said it would expand its coronavirus-related benefits for employees, including waiving its COVID-19-related illnesses policy. Providing free access to health care through virtual doctor visits; 30 days of paid vacation for « vulnerable » team members; and mental health support through free consultations.
Target is currently one of the largest national retailers offering their workers more than double the federal minimum wage in the United States. (In July, the previously announced goal of increasing starting wages from $ 13 to $ 15 by the end of 2020 was met.) In addition, it employs more than 350,000 people – including some hourly workers in stores, call centers, and seasonal rentals – received a bonus $ 200 as an incentive for the holiday season.
Just over a week ago, the chain reported outstanding sales both online and in-store in the months of November and December: the total number of comps rose 17.2%, which is on a 4.3% increase in traffic and a 12.3% increase in the average customer ticket price. While sales in the same store rose 4.2%, digital sales more than doubled to 102% as consumers turned to online channels to shop. Target attributed the growth of e-commerce to same-day fulfillment options, such as: B. Order pickup, drive-up and Shipt grocery service, all up 193%.
« The momentum in our business continued into the Christmas season with notable market share gains across our product portfolio, » said Brian Cornell, Chairman and CEO, in a statement back then. « We are very pleased with our results and the strength of our performance reflects the tireless work of our team to support our guests with a safe, comfortable and inspiring experience. »
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