The parent company of T.J. Maxx, Marshalls and HomeGoods unveiled plans on Wednesday to boost pay for its U.S. workers to $9 an hour by June, mirroring a move made last week by Wal-Mart Stores Inc. and signaling a possible turning point for what have been stubbornly stagnant wages since the recession.

Shares of TJX Cos. gained 3.3% in midday trading, reversing an earlier decline as the company also gave a weak outlook for its newly-started fiscal year and current quarter.

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