Best Buy Hikes Minimum Wage to $15, Sales Pp 15% Since Reopening Stores
Updated: Jul 23, 2020
Star Tribune | July 21, 2020
Best Buy will permanently raise its minimum wage to $15 an hour for U.S. workers, following other retailers such as Target.
The Richfield-based electronics chain also said Tuesday its sales are up 15% since stores opened in mid-June to July 18, compared with the same period a year ago.
The new pay for domestic hourly employees will take effect Aug. 2, a day after temporary incentive pay increases for retail associates and supply chain employees who have been working through the coronavirus pandemic were scheduled to end.
Online sales remain strong, Best Buy said, increasing 185% above last year during the period from June 15 to July 18. Altogether, the company’s second-quarter sales, including domestic and international sales, have increased about 2.5% so far compared with last year.