Retail Roundup—Walmart boosts hourly wages; Amazon looking for 1M square feet in Boston

Walmart is raising the minimum hourly wage ahead of tax reforms.

Walmart raises hourly wage before tax overhaul

Walmart has announced that it will raise the hourly minimum wage to $11 an hour in wake of the U.S. tax overhaul. The increase will take effect in January and will cost $300 million on top of annual wage hikes that the company has already planned. (Bloomberg)

Stater Bros. promotes new president

Stater Bros has named company veteran George Frahm as president, a position previously held by CEO Pete Van Helden. Frahm, who was most recently executive VP of administration/distribution, started working for the chain in 1973 as a clerk's helper and janitor. (Supermarket News)

Amazon looking for 1M square feet in Boston

Amazon is looking for 1 million square feet of office space in Boston, which has retailers wondering if the marketplace has chosen a city for its new headquarters. According to real estate executives, Amazon is in negotiations with a seaport developer to lease an entire office building. (The Boston Globe)

Home Depot creates ready-made pins for Pinterest

The Home Depot, with agency 22squared, recently released a campaign specifically for Pinterest. With an interactive component, the Promoted Video Pins let users explore various rooms to seek design inspiration, as well as click through to purchase items. (MediaPost)