Sign In  |  Register  |  About Corte Madera  |  Contact Us

Corte Madera, CA
September 01, 2020 10:27am
7-Day Forecast | Traffic
  • Search Hotels in Corte Madera

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Costco's first membership fee increase in 7 years now in effect

The cost of a Costco membership in the United States and Canada increased for the first time in seven years on Sunday, impacting about 52 millions members.

Costco’s plan to raise the price of its membership for the first time in seven years took effect Sunday. 

The wholesale club increased annual membership fees by $5 and $10 in the U.S. and Canada, with "gold star" and business memberships up from $60 to $65, and executive memberships increasing to $130 from the earlier $120, the company said.

The cost increase will impact around 52 million memberships, a little more than half of which are the club’s executive members, Costco said in a July press release.

Costco last raised membership fees in June 2017.

COSTCO RIVAL CHANGES KEY PERK POLICY, BUT IT COULD BACKFIRE

Membership with the wholesale giant comes with a multitude of perks such as testing of free samples; discounts on food, gas, home insurance, travel and grocery items; and an annual 2% reward on qualified purchases at its 882 warehouses worldwide. 

COSTCO-LOVING MAN CAUGHT OFF GUARD BY LOVED ONES IN STORE FOR HIS SURPRISE BIRTHDAY PARTY

Costco reported $19.26 billion in net sales in the July retail month, which ended on Aug. 4. This was up 7.1% from 2023.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Revenues from membership fees were up 7.6% in the third quarter of fiscal 2023. Membership fees made up 1.9% of the company's total revenue for the fiscal year.

Fox Business’ Pilar Arias contributed to this report.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 CorteMadera.com & California Media Partners, LLC. All rights reserved.