What: In 2024, the National Association of Large Distribution Companies (Anged), which includes major department store operators like El Corte Inglés, Carrefour, Ikea, and Leroy Merlin, will increase salaries for nearly 260,000 workers in the sector by 4.5%.

Why it is important: The salary increase signifies a significant step towards improving employee compensation in the retail sector, reflecting the sector's growth and stability.

Leroy Merlin, will increase salaries for nearly 260,000 workers in the sector by 4.5%. This raise is part of a larger agreement made in March of the previous year, where unions and Anged settled on a 17% salary increase over four years. The increase includes a 14% fixed rise and a 3% one-time payment. The distribution sector is expected to see a 9% increase in nine months, with potential additional payments based on sales performance.

Antonio Pérez, General Secretary of the Fetico Independent Trade Union Confederation, highlighted this as the most significant salary increase in the sector's history, reflecting a successful combination of staff efforts and effective dialogue, contributing to the sector's stability and historic growth in Spanish retail.

Department stores raise salaries by 4.5% in 2024