US: Gap to raise minimum wage for US workers
Gap will increase the minimum hourly rate for its US store workers this year
Clothing giant Gap Inc will raise the minimum hourly rate for its US store workers to $9 in 2014 and $10 in 2015 as part of efforts to "do more than sell clothes".
The move is expected to benefit around 65,000 workers. CEO and chairman Glenn Murphy added that it will "directly support our business, and is one that we expect to deliver a return many times over."
The move has also been applauded by President Barack Obama who, along with Senate Democrats, is campaigning to increase the minimum wage rate to $10.10 an hour by 2016, from $7.25.
The Gap Inc has demonstrated that it understands the direction of the apparel market, and is using its digital platforms in conjunction with its physical stores to drive growth. The company has benefi...
Synopsis Canadean's "THE GAP, INC. : Retailing - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company o...
The Gap is a US apparel specialist retailer which offers casual, mid-tier clothing. It continues to pursue a multi-tier price strategy, operating retail concepts (Banana Republic, Gap, Old Navy, Piper...
Gap Inc’s sales performance in 2012 highlights a successful turnaround is well underway. Innovative marketing combined with an omni-channel focus places the company well to regain lost market share. G...
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