BENTONVILLE, Ark., Jan. 10, 2007 – Wal-Mart Stores, Inc. (NYSE: WMT) today released the following statement in response to legislation to increase the federal minimum wage:
In October of 2005, Wal-Mart CEO Lee Scott publicly called for Congress to raise the minimum wage to help working families, saying that $5.15 an hour was out of date with the times. We believe this statement is truer now than ever before.
This increase will help many working families, and we believe the Congress is doing the right thing in passing this important legislation.
About Wal-Mart Stores, Inc. (NYSE: WMT)
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, supercenters, Neighborhood Markets and Sam’s Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Company’s securities are listed on the New York Stock Exchange under the symbol WMT. More information about Wal-Mart can be found by visiting www.walmartfacts.com. Online merchandise sales are available at www.walmart.com.