Costco Raises Membership Fees by $5 to $10 for 52 Million Customers, First Increase in 7 Years

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Summary

Costco Raises Membership Fees for First Time in 7 Years

Although Costco has avoided raising membership prices, it has recently taken measures to crack down on loopholes used by nonmembers to benefit from the store’s deals. In April, Costco’s food court, which offers popular deals like $1.50 for a hot dog and a drink, began checking membership cards for access. And last month, the company announced it was requiring photographic identification from members at all checkout registers, closing an often-exploited workaround in which nonmembers sometimes avoided identification requirements at self-checkout lanes.

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New York Times

Is Costco Increasing Membership Fees? New Cost of Membership

Just days after informing employees that hourly wage workers would be getting a $1 salary bump, Costco has announced that it is increasing membership fees for the first time since 2017.

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Entrepreneur

Costco hiking membership fees for first time in 7 years

Costco Wholesale has announced a plan to raise annual membership fees by $5 to $10 in the U.S. and Canada, starting September 1. This marks the first increase in seven years. The "gold star" and business memberships will rise to $65, while executive memberships will increase from $120 to $130. According to Costco's press release, these fee adjustments will affect approximately 52 million memberships, with over half being Executive.

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Fox Business

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News Results

Costco Is Raising Its Membership Fee

Costco membership fees will increase by $5 this year. Executive members will see the highest fee increase at $10 more per year. Members currently have up to $1,000 in rewards available to acquire each year, but once the membership price increase goes into effect, they'll be able to get up to £1,250.

MIDDLE

1y ago

Costco hikes annual membership fee for first time since 2017

Costco is raising the charge for a basic membership to $65 a year from $60. The price of the retailer's premium membership will rise to $130 from $120. The 8% price increase for US and Canadian members will take effect Sept. 1. The move will affect about 52 million memberships.

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1y ago

Costco Announces Fee Hike: Here's What It'll Cost You

Costco is raising membership fees starting Sept. 1. The cost of a basic membership will rise from $60 to $65. An Executive membership will increase from $120 to $130. You can technically shop at Costco.com without a membership, but online orders are assessed a surcharge.

MIDDLE

1y ago

Costco hikes up its membership fees, predicts 52 million memberships will be impacted

Costco is raising membership fees by $5 to $65 a year in the United States and Canada. The retailer's premium "Executive Membership" is going up by $10 to $130 a year. Executive members will be able to earn a maximum of $1,250 in rewards annually.

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1y ago

Costco Increases Membership Costs for 52 Million Customers for the First Time in 7 Years

Costco is raising its annual membership fee from $60 to $65. The change goes into effect on Sept. 1 for members in the U.S. and Canada. The retailer has taken steps to ensure those paying the membership fees are the only ones reaping the benefits, including at the food court.

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1y ago

Costco to increase membership fees this fall

Costco will raise its annual membership prices in the U.S. and Canada starting Sep. 1. The increase will affect individual, business, and executive memberships. Executive memberships will now cost $130, up from $120. This is the first time in seven years that Costco has raised its fees.

MIDDLE

1y ago

Costco membership fees are going up

Cost target announces weekly savings every Sunday for Kroger and Aldi. Wal Mart partners with the coupon app Flip to share curated rollback deals every Wednesday. Costco posts monthly deals online and also shares weekly sales through flip every Friday. The USDA S Food Keeper App can help you store your groceries correctly.

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1y ago

Costco unveils major membership fee update

Costco Wholesale shares powered higher in after-hours trading. The bulk discount retailer unveiled a huge change in its membership fees and issued its quarterly dividend update. Costco has been under pressure from analysts and investors to wring more cash from its 134 million Costco Club cardholders.

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1y ago

Costco Is RaisingMembership Fees On 52 Million Members, Wall Street Views As 'Positive Catalyst'

Shares of Costco are higher in premarket trading in New York. The warehouse-club chain announced annual price hikes across its members for the first time in years. Gold Star, Business, and Business add-on members across North America will see an increase of $5 to their annual membership costs.Executive members must pay $130, a $10 price hike.

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Gas Prices Near You In Temecula Are Falling In Advance Of Expected Summer Rise

The average price of a gallon of self-serve regular gasoline in Riverside County declined three-tenths of a cent Wednesday to $4.46. This fall's drop in gas prices is a mere drop in the bucket compared to the anticipated California gas price increase in July. In Temecula, you can find the cheapest gas near you at your membership warehouse, Costco.

MIDDLE

Yesterday

Costco shopper saves $88 after realizing another store 'accepts' membership card

Shoppers stunned to discover another store ‘accepts’ coveted membership card – and it will save you $88. The coveted Costco membership card comes with a number of perks, from access to discounted bulk buys and the beloved food court to travel deals and exclusive member services.

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Costco Remains Too Expensive For My Liking (NASDAQ:COST)

Costco's fundamentals remain solid with resilient 8% revenue growth, rebounding EPS growth, and strong membership metrics. The stock's P/E ratio near three-year highs signals significant overvaluation relative to both its history and peers like BJ's.Technical indicators show near-term bearishness and long-term uncertainty as the stock has fallen below the 50-day SMA.

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13h ago