Target will raise its minimum wage to $9 per hour for all workers in April following recent pay hikes from other large retailers, Reuters reported Wednesday, citing a source.
The news comes as UltraViolet, a women's advocacy group, and other interest groups are pressuring the retailer to increase its wages. Last week, Target outlined plans to lay off 1,700 workers and close out another 1,400 open positions as part of a $2 billion cost-savings plan.
Read MoreTarget to lay off 1,700 workers in cost savings
Target looks to offer "competitive wages" but does not usually announce its wage policies, spokeswoman Molly Snyder told CNBC.