Costco Raises Minimum Wage to $16, But Won’t Advocate for All Businesses to Follow

Costco will raise its company-wide minimum wage to $16 per hour, a one-dollar increase that raises its wages higher than its fellow big-box retailers, the company’s CEO said during a congressional hearing Thursday.

Costco plans to raise its minimum wage from $15 to $16 because it is committed to paying workers “very competitive retail wages,” CEO Craig Jelinek said during a Senate Budget Committee hearing Thursday. Jelinek stopped short of advocating in favor of a federal minimum wage overhaul, instead saying he was solely focused on Costco.

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Walmart to Raise Wages for 425,000 Workers After Massive 2020 Sales Performance

Walmart announced it will raise wages for 425,000 store associates serving in “frontline” roles after the company reported record fourth-quarter revenue.

Walmart will increase starting wages to between $13 and $19 per hour depending on store location and market, according to a letter Walmart President and CEO John Furner sent to employees nationwide Thursday morning. The pay raises will begin on March 13 and apply to the company’s 425,000 store associates.

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Walmart Fueled Opioid Epidemic by Filling Illegitimate Prescriptions Regularly, DOJ Lawsuit Alleges

The Department of Justice sued Walmart Tuesday alleging that the big-box retailer fueled the U.S. opioid epidemic by knowingly filling illegitimate prescriptions and with price-cutting techniques.

Walmart transformed its 5,000 in-store pharmacies into a leading network of opioid suppliers, the Department of Justice (DOJ) lawsuit alleged, according to a press release. In addition, Walmart allegedly didn’t heed warnings from its pharmacists that there was an insufficient screening process for questionable prescriptions.

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Black Friday, Small Business Saturday, and Cyber Monday in 2020

Retailers like Target and Walmart stretched out their traditional Black Friday sales throughout the whole month, but post-Thanksgiving shopping sprees will still be available, according to press releases from the companies. Cyber Monday will feature big deals online as usual, but don’t forget Giving Tuesday and Small Business Saturday.

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Walmart Returns Guns and Ammunition to U.S. Store Displays

Walmart has reversed course, announcing it is returning ammunition and firearms to their displays in its U.S. stores.

On Thursday the nation’s largest retailer said it had removed the items from displays due to “civil unrest” in some areas of the country. Guns and ammunition, however, had remained for sale at the stores, just not visible to shoppers.

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Trump Approves TikTok Deal with Oracle and Walmart, Wants the App to Support Pro-US Education Program

President Donald Trump said Saturday that he approved a transaction between Oracle and TikTok that allows the Chinese application to stay in the United States.

Part of the arrangement requires the newly U.S.-based TikTok company to direct $5 billion toward teaching American children “the real history of our country,” Trump told reporters at the White House, Bloomberg reported Saturday. The president later told rally attendees in North Carolina Saturday that he is establishing a “large fund for the education of American youth.”

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