Target To Hike Minimum Wage To $10 An Hour: Report

Target Corp. will raise its minimum wage to $10 an hour beginning in May because of the competitive job market and labor groups pushing for higher pay, according to Reuters on Monday, citing unnamed sources. The $1-an-hour wage hike would follow the retailer's minimum wage raise to $9 an hour from $7.25 an hour last April. Target shares , which closed up 1% Monday, declined 0.1% to $83.30 after hours.