Target Raises Minimum Wage to $10 an Hour, Sources Say

The raise will also impact employees already making $10 hourly or more, entitling them to an annual merit raise and a pay-grade hike.

A Target employee interviews a job seeker during a job fair at a Target retail store in San Francisco on Aug. 15, 2013. Justin Sullivan/Getty Images

May 2016 will bring $1 more an hour for Target Corporation employees across the United States, according to a Reuters report citing sources with direct knowledge.

The increase will bring the retail giant’s minimum hourly wage to $10—their second raise in just one year, the sources said who requested anonymity. 

It's the second time Target has followed in the footsteps of Wal-Mart, who has also just raised their minimum wage.