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Costco said last month it was hiking its basic membership fee for the first time since 2017, increasing the annual charge to $65 from $60. The roughly 8% cost increase takes effect on September 1 ...

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Costco is known for offering some of the lowest prices in the retail industry. Costco made $4.2 billion in membership fees in 2022, a 9% increase from 2021. The company’s renewal rate was 93% last.

Costco tests new way to crack down on membership card sharing Costco is trying out a new tactic in its months-long effort to crack down on membership sharing: Scanning shoppers' cards as soon as ...

Its CFO told The WSJ that only a "really small percent" misuse their cards but this can quickly build up. Membership fees make up almost 2% of Costco's total revenues.

The company in 2023 garnered $4.6 million from membership fees, up 8% from the year before, with membership growing to almost 128 million cardholders and Costco touting a 90% renewal rate.

Following Netflix’s lead, the warehouse chain is cracking down on account sharing and said it will be checking membership cards to ensure the photo matches the person at the checkout line.