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Costco Wholesale Corp. said it is raising membership fees for about 22 million customers, as the largest U.S. warehouse club operator seeks to offset rising costs.
The 10% increase in membership fees, going into effect next month, may help offset the disappointing operating margin the company showed in the latest quarter. Operating margin shrank to 2.7% from 2.9% amid double-digit increases in merchandise and overhead costs on a percentage basis.
So, basically, if you are a regular member, your membership will be $55.00/year. Executive membership will be $110.00/year.
I am keeping my membership.