TJX Companies to Raise Pay for Part-Time and Full-Time Sales Associates

TJX, which owns T.J. Max, recently announced that is raising the pay for part-time and full-time employees.

TJX Companies, which own T.J. Max, recently announced that is raising the pay for part-time and full-time employees.

Following a path blazed by Wal-Mart Stores Inc., TJX Companies Inc., owner of T.J. Maxx, Marshalls, HomeGoods and Sierra Trading Post Associates, announced last week that it will raise the salaries of its part-time and full-time hourly U.S. store associates.

U.S. part-time hourly associates will earn at least $9 per hour beginning in June. And sometime in 2016, hourly associates who have been employed for six months or more will earn at least $10 per hour.

“This pay initiative is an important part of our strategies to continue attracting and retaining the best talent in order to deliver a great shopping experience for our customers, remain competitive on wages in U.S. markets, and stay focused on our value mission,” said Carol Meyrowitz, CEO of TJX, which is based in Framingham, Mass.  Walmart recently announced that it would raise the pay of nearly 500,000 sales associates.

Meyrowitz announced the pay raise during the company’s fourth-quarter earning’s report.. TJX reported a fourth-quarter net income of $648.2 million on sales of $8.3 billion.

Walmart, which is based in Bentonville, Ark., recently announced that it was raising the pay for 500,000 of its part-time and full-time sales associates.

Leave a Reply

Your email address will not be published. Required fields are marked *