Consumer
Costco Hikes Annual Membership Fee for First Time Since 2017
- Basic membership will now cost $65 a year, up from $60
- Investors and analysts have long waited for the increase
Shoppers outside a Costco store in Bayonne, New Jersey.
Photographer: Angus Mordant/BloombergCostco Wholesale Corp. is boosting its membership fees for the first time since 2017, raising the charge for a basic membership to $65 a year from $60.
The 8% price increase for US and Canadian members will take effect Sept. 1, Costco said in a statement Wednesday. The price of the retailer’s premium membership will rise to $130 from $120. The move will affect about 52 million memberships.