LONDON, UK / ACCESSWIRE / April 20, 2018 / Active-Investors.com has just released a free research report on Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) ("Natural Grocers"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NGVC as the Company's latest news hit the wire. On April 18, 2018, the Company announced that it has increased the minimum pay at all its stores to $11 per hour. The minimum pay increase applies to both part-time and full-time employees. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Natural Grocers by Vitamin Cottage most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
All Natural Grocers' good4uSM crew members will also receive an additional $1 per hour in Vitamin Bucks, which can be used for in-store purchases. The pay raise will immediately benefit approximately 700 good4u crew members.
Natural Grocers' Policy is to Offer Pay that is above the Legally-Mandated Minimum Wage
Kemper Isely, Co-President at Natural Grocers, stated that this decision is a reflection of the Company's continued commitment to its employees. It has always been Natural Grocers' policy to offer pay that is above the legally-mandated minimum wage. Isely added that this increase, when paired with the Company's Vitamin Bucks program, sets Natural Grocers' pay at the forefront of the grocery industry.
Benefits Enjoyed by Good4u Team Members
Natural Grocers has a long history of investing in its good4u team members. The Company supports its employees by offering Natural Grocers' Vitamin Bucks program which provides an extra $1 per hour of in-store spending money for every regular hour worked. The crew members have access to paid nutrition education and are also given paid holidays. The Company offers crew members up to 30% discount on high-quality groceries and supplements, and also birthday bonuses equal to one day's pay. Natural Grocers also offers a comprehensive benefits package to the more than 80% of its employees who average 30 hours, or more, per week. These offerings include medical, dental, and vision insurance, flexible spending and health savings accounts, short-term disability and life insurance, maternity/paternity pay, long-term disability insurance, just to name a few.
Similar Initiatives Taken by Retailers
In January 2018, Walmart announced that it would raise its minimum starting wage to $11 per hour; hand out between $200 and $1,000 in one-time cash bonus to eligible employees, and expand its parental leave benefits. Walmart took this decision to reap the benefits of the recent tax law changes. The changes are likely to benefit more than 1 million hourly employees of Walmart across the United States.
On April 18, 2018, The Kroger Co. also announced new and enhanced long-term associate benefits following the Tax Cuts and Jobs Act 2017 (TCJA), including an industry-leading education assistance program called Feed Your Future, accelerated investments in store associate wages, a more generous 401(k) benefit, and enriched associate discount and support programs. Feed Your Future is an education program to encourage life-long learning that will support both full- and part-time associates. In March 2018, The Kroger raised starting wages to at least $10 per hour, and accelerated wage progressions to $11 an hour after one year of service, for store associates in the Cincinnati/Dayton area.
About Natural Grocers by Vitamin Cottage, Inc.
Founded in 1955 and headquartered in Lakewood, Colorado, Natural Grocers is an expanding specialty retailer of organic and natural groceries, body care, and dietary supplements. The Company offers a flexible, neighborhood-store format; affordable prices; and free, science-based nutrition education programs to help customers make informed health and nutrition choices.
Stock Performance Snapshot
April 19, 2018 - At Thursday's closing bell, Natural Grocers by Vitamin Cottage's stock dropped 1.25%, ending the trading session at $7.90.
Volume traded for the day: 56.91 thousand shares.
Stock performance in the last month ? up 4.08%; and previous six-month period ? up 62.22%
After yesterday's close, Natural Grocers by Vitamin Cottage's market cap was at $179.57 million.
Price to Earnings (P/E) ratio was at 31.10.
The stock is part of the Services sector, categorized under the Grocery Stores industry.
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