Bed Bath & Beyond Signals It's Lifting Wages

MarketWatch Pulse

Bed Bath & Beyond signaled in its fourth-quarter earnings report that it's yet another retailer that is planning to increase wages. In the dry language of its press release, the company said one factor in cutting its 2015 earnings guidance is "an increase in investments in compensation and benefits in 2015 beyond those historically planned." It's not immediately clear which of Bed Bath & Beyond workers will benefit from the move. Other retailers including Wal-Mart Stores and TJX have announced wage rises. In the 12 months to March, the average weekly earnings of retail employees were up 3%, compared to the 2.1% growth for all private-sector workers, according to Labor Department data.

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