Brian Sozzi of Belus Capital Advisors told Benzinga that Wal-Mart Stores, Inc.'s WMT newly-introduced plan to lift pay of its U.S. employees to at least $9 per hour in the first half of this year and introduce better training methods will force Target Corporation TGT and other retailers to "follow suit" on not only raising pay but offering better training.
Sozzi also said that he has "no clue" how struggling retailers like Sears Holding Corp SHLD can match what Wal-Mart just pledged to its employees.
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Posted In: Analyst ColorExclusivesAnalyst RatingsBelus Capital AdvisorsBrian Sozziminimum wageretailers
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