Costco Raises Membership Fees for First Time in a Decade, Sparking Customer Backlash
For the first time in nearly a decade, Costco is increasing its membership fees, citing the need to keep pace with rising costs. The wholesale giant, known for its bulk-buy discounts and exclusive member deals, has informed customers of the upcoming price hike, set to take effect this weekend.
Details of the Membership Fee Increase
Costco, which operates 29 stores and serves over two million customers in the UK, has officially confirmed the membership price changes. Letters have been sent to members notifying them of the increase, which will come into effect in March 2025. The company operates on a membership-only model, requiring shoppers to hold an active membership to make purchases.
Customer Reactions and Backlash
(Photo by Justin Sullivan/Getty Images)
The announcement ...