February 19, 2014 / 10:40 PM / 3 years ago

Wal-Mart says "looking" at supporting minimum wage rise - Bloomberg

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Feb 19 (Reuters) - Wal-Mart Stores Inc, the largest private employer in the United States, said it was "looking at supporting" an increase in the federal minimum wage, Bloomberg reported, citing a company spokesman.

Wal-Mart is weighing the impact of additional payroll costs against possibly attracting more consumer dollars at its stores, David Tovar told Bloomberg. ()

U.S. President Barack Obama said last week he would sign an executive order to raise the minimum wage for federal contract workers to $10.10 an hour starting next year.

The order applies to new contracts and replacements for expiring contracts.

Wal-Mart is expected to report fourth-quarter results on Thursday.

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