Wal-Mart (WMT) says it will not open three planned stores in the Washington D.C area if a bill...

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Wal-Mart (WMT) says it will not open three planned stores in the Washington D.C area if a bill passes raising the minimum wage to $12.50/hour for retailers "with sales over $1B and retail spaces of 75K square feet or more." The company's stance is "immensely discouraging," Mayor Vincent Gray says.