via Mike Mozart / Flickr

Target has announced that it will raise its minimum wage to $15 an hour beginning July 5. The decision makes good on a promise it made three years ago to raise its starting rate to $15 an hour by 2020.

The move will impact over 275,000 employees in its distribution centers and retail stores.

Target's decision comes after many of America's larger retailers gave their employees temporary raises for working through the COVID-19 pandemic. However, many of those stores, including Starbucks, Kroger, and Amazon have done away with their pandemic raises over the past few weeks.

On March 25, Target moved its starting wage temporarily to $15 an hour after the World Health Organization declared COVID-19 a global pandemic. Now, it's made the decision permanent.

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