Under Armor is set to increase hourly wages for more than 8,000 retail salespeople to $ 15
Shoppers pass an Under Armor store in White Plains, New York.
Scott Mlyn | CNBC
Under Armor announced Wednesday that it would raise wages for retail workers in the US and Canada to $ 15, affecting more than 8,000 jobs.
The increases, which could be up to 50% for some workers, will take effect on June 6th.
The part-time and full-time employees who are recorded make up approximately 90% of the company’s retail and sales employees.
Under Armor currently has more than 3,000 store and distribution center open positions to be filled. These positions will all start with the new pay, the company said.
The raise is the first of several steps Under Armor will take to retain and attract talent over the coming months.
“We are determined to do the right thing, and our focus is on making sure our teammates feel valued and valued,” said Patrik Frisk, President and CEO of Under Armor, in a statement.
The announcement comes as retailers and restaurant operators face a major labor crisis.
Fewer than expected people are returning to the workforce, and many companies struggle to meet consumer demand when it comes back. The hiring announcements, which typically come in the spring and summer months, were accompanied this year by news of salary increases, referral and retention bonuses, and other improved benefits.
Chipotle Mexican Grill, for example, said its median hourly wage would be $ 15 through June. And McDonald’s announced earlier this month that it is increasing hourly wages for its company-owned restaurants in the United States as the fast-food chain plans to hire 10,000 people for those locations.
Read the full Under Armor press release here.
– Amelia Lucas from CNBC contributed to this coverage.