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International Business Times
International Business Times
Terry Massey

Sam's Club Raises Hourly Wages In Effort To Keep Pace With Costco

Shoppers wait in line at a Sam's Club store in Kissimmee, Florida, U.S. August 30, 2019. (Credit: Reuters / Gregg Newton)

Sam's Club upped the ante in its retail rivalry with Costco on Tuesday with a hefty pay raise for its 100,000 employees.

Sam's Club increased its starting pay for workers by a dollar to $16 per hour and opened the door for longer-tenured employees to receive even larger pay hikes over time. The new plan goes into effect Nov. 2 as the holiday shopping season ramps up for the warehouse outlet.

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