Posted 9/28/2023, 8:19:59 PM

Costco to Raise Membership Fees for First Time Since 2017

Costco CFO says membership price increase is imminent, first since 2017
Current basic membership is $60/yr, executive is $120/yr
Price hike would impact nearly 130 million members at 591 Costco stores
Costco now offering online health checkups starting at $29 with Sesame
Costco made announcement about new health service partnership this week

abc7.com

Relevant topic timeline:

9/8/2023

Costco's Global Expansion Reaches 859 Stores Worldwide, But U.S. Remains Company's Biggest Market

Costco is a global retail chain with 859 locations worldwide, with the majority of stores in the U.S., Canada, Mexico, and Japan, and is expanding in countries like China, Sweden, and New Zealand.

9/23/2023

Costco Membership Pays for Itself Through Exclusive Travel Deals, Appliance Savings, and Everyday Low Prices

Costco offers several deals and perks that can easily cover the cost of membership, such as booking cruises, purchasing large appliances, saving on home insurance, buying discounted vacuum cleaners, and enjoying inexpensive hot dogs and soda.

9/25/2023

Costco's Value Proposition Drives Sales Growth Amid Inflation Worries

Wholesale retail giant Costco is expected to win over consumers with its cheap gas prices as it reports quarterly results, with same-store sales growth expected to rise and e-commerce sales predicted to increase by 5%.

9/26/2023

Costco Earnings: Investors Eye Potential Membership Fee Hike As Loyalty Remains Strong

Costco's next quarterly results may not impact its stock, but analysts believe that news of a possible membership fee increase could.

9/27/2023

Costco Sees Surge in Younger Members Despite Less Spending

Costco CEO Craig Jelinek stated that the company is attracting more young people to its membership base, although their purchasing power is initially lower compared to older generations.

9/28/2023

Costco Mulls Membership Fee Increase, Cracks Down on Card Sharing

Costco's Chief Financial Officer suggests that a price increase for membership is likely in the future, although the timing is uncertain, with the last increase occurring in 2017; this comes as the company cracks down on unauthorized card-sharing among non-members.

9/30/2023

Costco Sells Gold Bars Online for $2,000 Each, Limits Purchases to 2 per Membership

Costco, the popular wholesale retail store, is now selling one-ounce gold bars on its website for nearly $2,000, with limited quantities per membership, catering to its bargain shoppers while also gaining attention for paying its workers above the minimum wage.

10/9/2023

Costco's Winning Strategy of Value and Loyalty Drives Steady Growth, But High Valuation Raises Some Concerns

Costco Wholesale is a high-quality company with a high valuation, but its business model, strong performance, and potential for growth make it a compelling investment choice despite its high price.

10/12/2023

Costco Members Can Save Big with Discounted Gift Cards

Costco members can purchase discounted gift cards for various stores, airlines, and restaurants on Costco.com, giving them a chance to save money on their favorite brands.