Another minimum wage hike

First it was Wal-Mart

Now it’s TJX, owner of T.J. Maxx, Marshalls and HomeGoods.

On Wednesday, the retail giant said it would be offering it’s minimum wage workers a raise, up to $9 an hour in June of this year.

By 2016, TJX said it would be offering employees with more than six months experience on the job $10 an 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 our U.S. markets and stay focused on our value mission," said CEO Carol Meyrowitz.

TJX currently employs about 191,000 employees.

Following the Wednesday announcement, TJX’s stock rose by 3.65%

[Vinnie Rotondaro is NCR national correspondent. His email address is]

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