Saks Off 5th, a renowned retailer for luxury goods at discounted prices, is taking proactive measures to combat the ongoing labor shortage in the retail industry. The company recently declared that it will be raising the minimum wage for all its hourly associates in North America to $15 per hour.

The decision to increase wages is part of Saks Off 5th’s comprehensive strategy to attract and retain top talent in the face of challenging circumstances. Alongside the higher base pay, the company will also be granting a $500 appreciation bonus to its hourly store associates. This bonus serves as a token of recognition for their unwavering dedication and commitment to the business during the unprecedented past 18 months in the retail industry.

These wage hikes and appreciation bonuses form a vital part of Saks Off 5th’s mission to establish itself as the ultimate luxury off-price retailer. By investing in and attracting exceptional talent, the company is confident in its ability to drive its business forward and maintain its position as a prominent player in the market.

As the holiday season draws ever closer, Saks Off 5th is actively seeking around 500 seasonal associates in the United States and Canada. These temporary positions hold the potential to transition into permanent roles in 2022, providing growth opportunities and employment stability for those seeking long-term career prospects.

Saks Off 5th’s decision to raise wages and offer bonuses aligns with a broader trend within the retail sector. Numerous retailers, such as Macy’s and Kohl’s, have recently implemented similar initiatives to not only attract but also retain employees in preparation for the busy holiday season.

The end of the year presents distinct challenges for retailers, who must navigate the national labor shortage, increased consumer demand, and global supply chain disruptions. By prioritizing its employees and investing in their well-being, Saks Off 5th is determined to meet customer expectations and overcome these obstacles.

Presently, Saks Off 5th operates a widespread network of over 100 brick-and-mortar stores spanning the United States and Canada. Leveraging its focus on providing high-end products at discounted prices, the company has solidified its reputation as a go-to destination for fashion-savvy shoppers.

Useful Links:
1. Saks Off 5th Official Website
2. Business Insider – Retail Section