Best Buy Raises Starting Wage To $15 An Hour As Sales Grow 15% Since Reopening

America’s most well-known electronics store is boosting starting pay for workers.

The Minneapolis Star Tribune reports:

“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.

Best Buy closed its stores to foot traffic as a health precaution in March, pivoting to online orders and curbside pickup. It reopened the majority of its locations a little more than a month ago.

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.”

For the rest of the story, visit the Minneapolis Star Tribune here.

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