Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Fourth quarter earnings reports suggested that lower gas prices and the improving US economy have finally begun to translate into increased consumer spending, a relief for retailers who have been struggling with customers’ cost conscious behavior.
Improving sales have given big brands room to invest in future growth and Wal-Mart Stores, Inc. (NYSE: WMT) has set the tone by raising employee pay and focusing its efforts on the customer experience.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
A Better Class Of Workers
As hiring picks up in the US, it is becoming more difficult for low-paying employers to find motivated workers who will stick around.
With that in mind, Wal-Mart announced that it would raise the pay of its lowest-level workers to $9/hour with the possibility of another hike to $10/hour after completing the company’s training program.
By offering a higher wage, Wal-Mart execs are hoping to improve customers’ experience in store with a more engaged staff after ranking near the bottom of a customer satisfaction survey in 2014.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Wage Wars
Wal-Mart’s wage hike has also driven up the cost of hiring for some if its peers and caused other retailers to follow the discount super-store’s lead.
TJX Companies Inc. (NYSE: TJX) announced on Wednesday that its workers would also see a raise to $10/hr, a move the company’s CEO hopes will reduce employee turnover.
Spending On Growth
Some companies are looking to use their extra cash in other ways, saying that their employee payment packages are already sufficient.
Target Corp (NYSE: TGT) said it plans to spend on developing its online presence and offering customers a better selection of fashionable clothing and accessories. Macy’s Inc. (NYSE: M) is also upping its capital spending with a focus on international expansion and new store concepts.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.