Macy's said it would invest to increase compensation and benefits for employees across the company, and spend $35 million on a debt-free education benefit programme for US workers over the next four years, US media reported.
Once the increases take effect, Macy's average base pay will be above $17 an hour, the company said.
In September, Amazon.com said it had increased its average starting wage doe domestic workers to more than $18 an hour, while Walmart has also touted raises in average hourly wages this year.
ALCHEMPro News Desk (DS)
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