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.'sWMT
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 CorporationTGT
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 CorpSHLD
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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