Obama shops at Gap


President Obama paid a surprise visit to a Gap (GPS -1.8%) store in New York City yesterday and spent a reported $150 on his wife and kids.

The retailer was rewarded after striking out on its own to raise the minimum wage for 65K of its employees to $10.10 per hour.

Most retailers are fighting for a more modest minimum wage hike from the current $7.25/hour level than what Gap instituted.

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  • warrenrial
    , contributor
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    Big Deal.
    12 Mar 2014, 01:05 PM Reply Like
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