(AP Photo/Jae C. Hong, File)

Feb. 19 (Bloomberg) — Gap Inc., the owner of Old Navy, Banana Republic and its namesake apparel chain, will raise its hourly pay for U.S. employees to $9 in 2014 and $10 the following year, saying it wants to “do more than sell clothes.”

The increased pay will benefit about 65,000 store employees, the San Francisco-based company said today in a statement. Chief Executive Officer Glenn Murphy announced the plan during an employee conference call this morning.

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