store experience: We just decided this is a really good moment to be more bold, Doug McMillon said in a Squawk Alley interview, according to MSNBC. Right now we want to make sure everybody is crystal clear how vital our store experience is to our future. We make wage adjustments all the time. McMillon spoke on CNBC after Wal-Mart announced that hourly workers will earn at least $1.75 above the the current federal minimum wage, or $9 per hour starting in April. Today cashier is tomorrow store manager. By next February, they will earn at least $10 per hour. * Amid struggles, Wal-Mart consolidates its rural foothold* McMillon said Wal-Mart is trying to position itself ahead of the market in order to retain the best talent available as the employment situation continues to improve.
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Tagged under store experience, federal minimum wage topics.