UPDATE 2-TJ Maxx raises wages, following Wal-Mart's lead

[steve2470]

http://in.reuters.com/article/2015/02/25/tjx-companies-results-idINL4N0VZ3E120150225

Feb 25 (Reuters) - It didn't take long for a big retailer to follow the lead of Wal-Mart Stores in raising minimum pay for workers.

TJX Cos Inc, owner of the T.J. Maxx and Marshalls discount chains, said on Wednesday it would raise its minimum wage to $9 an hour in June and to $10 next year.

The announcement comes less than a week after Wal-Mart, the world's largest retailer, announced that it was giving half a million U.S. workers a raise, bringing its minimum hourly pay to $9 in 2015 and $10 next year.

Analysts had predicted that other low-wage employers would be under pressure to follow the lead of Wal-Mart, the largest private U.S. employer with 1.3 million workers.