Costco Raises Membership Fees for First Time in 7 Years
TL;DR
Costco announced a membership fee increase starting September 1, with basic memberships rising by $5 and executive memberships by $10. The executive membership will also see an increase in the maximum annual 2% reward from $1,000 to $1,250. While some shoppers are annoyed, many understand the hike, especially with recent employee pay raises.
Topics:businessbusiness-news#business-news#consumer-reaction#costco#membership-fees#price-increase#retail
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