Aug 31, 2024 - Politics & Policy
Costco cost rises tomorrow
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Costco membership fees increase for the first time in seven years starting tomorrow — up $5 to $10 a year, depending on membership level, Axios' Kelly Tyko writes.
- Why it matters: It adds up for the world's third-largest retailer, after Walmart and Amazon. Costco's membership fees in Q1 accounted for $1.12 billion — two-thirds of the company's $1.68 billion total net income.
The U.S. renewal rate: 93%.
- Go deeper: Fascinating N.Y. Times deep dive, "How Costco Hacked the American Shopping Psyche" (gift link — no paywall).
