Costco Raising Membership Fees

MIAMI (CBS4) – It will soon be a little more costly to shop for wholesale goods at Costco.

Despite posting post quarter gains, the warehouse club store is raising their membership prices across the board by 10 percent for it’s 22 million members in the U.S. and Canada.

The rate increase will take effect on November 1. It will be Costco’s first membership rate increase in five years.

Third quarter sales figures released Tuesday showed the wholesale chain’s net income rose 11 percent over the previous year to $487 million.

Costco officials say the membership hike is needed to keep inventory prices low.

Comments

One Comment

  1. Chet says:

    ANYBODY THAT WOULD PAY A STORE MONEY FOR THE RIGHT TO GIVE THEM MORE MONEY IS NOTHING LESS THEN A FOOL !!!!!!

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Miami

Fired Up For The #FinsOn4
Sign-Up Now For Our 2016 Knockout Pool

Listen Live