Rob Wile is a breaking business news reporter for NBC News Digital.
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 falling 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 some 54%.
“We’re rewarding our team accordingly,” the spokesperson said in a statement. In-store managers and supply-chain operation leaders are among those who will see the increased bonuses, according to the statement. The news was first reported by Bloomberg. 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.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Temple University reviewing reports of potential match-fixing of men's basketball gameRob Wile is a breaking business news reporter for NBC News Digital.
Les mer »
US added 275,000 jobs in February as labor market stays hotRob Wile is a breaking business news reporter for NBC News Digital.
Les mer »
Aldi to add 800 new U.S. grocery stores by 2028Rob Wile is a breaking business news reporter for NBC News Digital.
Les mer »
Are planes safe right now? Experts say there's no need to worryRob Wile is a breaking business news reporter for NBC News Digital.
Les mer »
The Body Shop shuts down in the U.S. after filing for bankruptcyRob Wile is a breaking business news reporter for NBC News Digital.
Les mer »
Inflation report February 2024: New consumer price data could set the stage for rate cutsRob Wile is a breaking business news reporter for NBC News Digital.
Les mer »