Some top market managers overseeing roughly a dozen stores will make over $600,000 a year. The entry rate for that position has also increased by about 25% to $160,000 annually. Walmart’s sales have been strong overall, despite other retailers reporting a slump in sales.

Walmart said it will increase base salary, stock grants, and bonus pay for around 440 market managers who each oversee multiple retail locations.

Walmart is increasing pay, bonus and stock awards for market managers that can bring their total annual compensation to more than $600,000, the retailer told Axios Thursday. Why it matters: It's the latest move by the nation's largest private employer and retailer to retain and reward employees.

America's largest supermarket, Walmart, is handing a pay increase to higher store employees to reward them for their hard work and demanding job repsonsiblities