Price hikes will come for Costco memberships, its executive leadership confirms, but just when shoppers can expect the increase remains unknown.
Price hikes will come for Costco Wholesale Corp. memberships, its executive leadership confirmed in this week’s earnings call, but just when shoppers can expect the increase or how big it will be remains unknown.
The CFO said the warehouse retailer’s last price increase was in June 2017. Costco has historically raised membership fees about every five years. “You’ll see it happen at some point, and we can’t really tell you if it’s in our plans or not. We’ll let you know when we know,” he said during the earnings call.
How much do Costco’s membership tiers cost? Costco has three membership tiers: Executive, Business and Gold Star. The Executive membership is the company’s highest level and charges members an annual fee of $120 for two household cards, an annual 2% reward on qualified Costco purchases, check printing and added benefits to select Costco Travel services.A move into healthcare Costco also recently announced it is offering members access to medical care, including $29 virtual primary-care visits, as MarketWatch previously reported.
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Costco CFO doubles down on membership price hike: 'A question of when, not if'While the price of your Costco membership isn't going up yet, one executive has hinted at a future increase.
Baca lebih lajut »
Costco CFO doubles down on membership price hike: 'A question of when, not if'While the price of your Costco membership isn't going up yet, one executive has hinted at a future increase.
Baca lebih lajut »
Costco CFO doubles down on membership price hike: 'A question of when, not if'While the price of your Costco membership isn't going up yet, one executive has hinted at a future increase.
Baca lebih lajut »
Costco CFO doubles down on membership price hike: 'A question of when, not if'While the price of your Costco membership isn't going up yet, one executive has hinted at a future increase.
Baca lebih lajut »
Costco CFO doubles down on membership price hike: 'A question of when, not if'While the price of your Costco membership isn't going up yet, one executive has hinted at a future increase.
Baca lebih lajut »