Gap Inc.

U.S. retailers raise minimum wage ahead of schedule

U.S. retailers raise minimum wage ahead of schedule

Juggling the rising cost of textbooks, tuition, food and rent is a little more manageable now for rising University of Maryland, Baltimore County senior Keyerra Jeter, thanks to a June 1 raise in starting pay to $9 per hour for Gap Inc.'s 65,000 employees.

"It was difficult, with everything being so expensive all the time, to budget for everything on a minimum-wage salary," said Jeter, an employee of the Old Navy in Waugh Chapel. "I'm just thankful the increase has let me better meet the needs that I have."

Gap Inc. brands — Gap, Old Navy, Banana Republic, Piperlime, Athleta and Intermix — are among a growing group of major U.S. retailers...

73°