Target plans to double salaried employee bonuses in 2023 due to anticipated sales recovery in 2024.

Target Corp. plans to double the bonuses for its salaried employees in 2023, paying 100% of their eligible bonuses, up from 50% last year. This move comes as the company anticipates a recovery in sales in 2024, following a successful holiday quarter with lower freight and supply-chain costs, healthy inventory, and reduced markdowns. The increased payout does not apply to hourly employees.

March 21, 2024
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