What the new tax law means for large retailers

This week, large retailers made announcements following the recently passed tax cuts. Walmart raised salaries for hourly workers to $11 per hour and announced one-time bonuses to 1,000 eligible employees, but it also announced the closure of 63 Sam’s Club stores and replacement of 3,500 store managers with lower-paid positions. Michael Corkery of the New York Times joins Hari Sreenivasan for more.

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