• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Target doubles bonuses for salaried employees as profits surge
Editor's Pick

Target doubles bonuses for salaried employees as profits surge

by March 25, 2024
by March 25, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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
You Might Also Like
  • Global debt has grown to $315 trillion this year — here’s how we got here
  • Walmart managers can now earn $400,000 a year, no college required, thanks to stock grants
  • The lunch rush is dead as Americans live for the weekend
  • PepsiCo buys prebiotic soda brand Poppi for nearly $2 billion
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Infrastructure money is helping airports add toilets, gates and boarding bridges
next post
WeightWatchers CEO apologizes to body positivity influencer after Oprah special on weight loss drugs

You may also like

On air, ’60 Minutes’ reporter says ‘none of us is...

April 28, 2025

Telit Cinterion Adds New Dual-Band GNSS Positioning Modules Featuring the...

March 15, 2023

Tempur Sealy is buying Mattress Firm for $4 billion

May 10, 2023

Golf’s PGA Tour and LIV merger is the latest power...

June 9, 2023

Nvidia says Anthropic is telling ‘tall tale’ in its defense...

May 2, 2025

‘Absurd’: NTSB chair blasts Boeing for failing to turn over...

March 8, 2024

JetBlue and Spirit Airlines terminate $3.8 billion merger

March 5, 2024

Disney scraps plan for new Florida campus amid DeSantis feud

May 19, 2023

‘Trump trade’ returns for second week as bitcoin, Tesla, stocks...

November 12, 2024

Drone company’s stock soars after appointing Donald Trump Jr. to...

November 27, 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.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,633 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    FTX lawyers accuse Sam Bankman-Fried of...

    July 21, 2023

    Buy Buy Baby suitors lose interest...

    June 27, 2023

    Taxpayers are getting about $360 less...

    April 4, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here