The big-box retailer said Monday it will start raising its minimum wage next month from $10 an hour and will eventually reach $11 for all its U.S. stores.
The pay raise will outpace Wal-Mart's recent increase in its minimum wage.
Target raised its hourly minimum pay rate in April 2015 to $9, up from the federal minimum wage of $7.25 per hour at the time.
Only two states in the U.S. — Massachusetts and Washington — currently have a minimum wage of $11 per hour.
Target also committed to boosting its minimum wage to $15 per hour by 2020.
At a press conference in Florida last year, he told the crowd: "The minimum wage has to go up.
For now, states — and individual companies — are left to make their own decisions on whether to raise the bar. »