WOULD YOU PAY MORE? Top leaders with Costco suggested an increase will come in the coming months.
It’s a matter of when and not if Costco decides to raise its membership fee from $60 annually, the company's Chief Financial Officer Richard Galanti told investors last week.
Galanti said that given a membership’s value to customers, he said the company “has no problem doing it; it’s a matter of when not if. We feel we are in a strong competitive position right now, so if we have to wait a few months or several months, that’s fine. I’ll be purposely coy on when that might be.”A potential Costco membership increase could follow its top competitor as Sam’s Club raised its membership fee by $5 to $50 a year on Oct. 17.
In addition to its $60 base membership, the company offers a $120 membership that includes additional perks and cashback.
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