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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.
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John’s Note:
If you are a regular member, your membership will be $55.00/year. Executive members will pay $110.00/year.
I am keeping my membership.
Re: Costco to Raise Membership Fee
Since I am addicted to Costco. I will be keeping my Exec. Membership AmEx! I was sick for 3 weeks and didn’t venture to the stores… when I returned to Costco for the first time I was greeted with a “long time no see”! 🙂
Re: Costco to Raise Membership Fee
I know, employes at my Costco have seen all my ex girlfriends. They must know I’m single again, because I shop alone now. It’s a little embarrassing. 🙂
Re: Costco to Raise Membership Fee
I will keep my membership but will watch the Kirkland Signature pricing.
Re: Costco to Raise Membership Fee
$10 for the executive membership.
Re: Costco to Raise Membership Fee
$5 over the course of a year…no big deal.
Re: Costco to Raise Membership Fee
Awful. Probably will go to Sams Club next year over this price raise. 🙁 Or just drop to the $55. BOOOOOO….