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Brian Sozzi: 'No Clue' How Sears Can Match Wal-Mart's Pay Increase

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Brian Sozzi of Belus Capital Advisors told Benzinga that Wal-Mart Stores, Inc.'s (NYSE: 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 (NYSE: 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 (NASDAQ: SHLD) can match what Wal-Mart just pledged to its employees.

Latest Ratings for WMT

DateFirmActionFromTo
Nov 2019MaintainsBuy
Nov 2019MaintainsNeutral
Nov 2019MaintainsOutperform

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Posted-In: Belus Capital Advisors Brian Sozzi minimum wage retailersAnalyst Color Exclusives Analyst Ratings

 

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