topic Re: 👀 Costco Membership Fee... 👀 in Community Chat

👀 Costco Membership Fee... 👀

Mz iMac — Sat, 04 Mar 2017 01:16:37 GMT

Is increasing....

Costco Drops Other Shoe, Raises Membership Fee By 9%

The last time Costco raise its membership fees was well over five years ago, and the world has changed since 2011. So has the consumer sales industry, a broad umbrella that encompasses both failing chains like JC Penney and successful ones like Nordstrom. You can argue the finer points of what falls into the catch-all of "retail," but there's little doubt that investors are looking for any hint of trouble to punish a stock.

So when Costco announced last year that it was considering raising its membership fees by 9% (to $60 from $55 a year for regular memberships, double that for executive memberships), some analysts claimed it was proof that Costco was slipping, even extrapolating that the days of big-box, membership stores were numbered. One Morningstar analyst went so far as to confuse revenues from membership (35 million members @ $55 or even $110 a year) with Costco's net operating profit.

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Re: 👀 Costco Membership Fee... 👀

Plaid Pants2 — Sat, 04 Mar 2017 01:27:15 GMT

People around here LOVE Costco.

I don't see them going away anytime soon.

Re: 👀 Costco Membership Fee... 👀

DiAnne — Sat, 04 Mar 2017 01:29:08 GMT

I will still be there three times a month!!

Re: 👀 Costco Membership Fee... 👀

SeaMaiden — Sat, 04 Mar 2017 01:37:10 GMT

They could raise the fee 20% and I would still join. Love my Costco!

Re: 👀 Costco Membership Fee... 👀

SilleeMee — Sat, 04 Mar 2017 01:40:13 GMT

I've never step foot in a Costco store or bought anything from them.

Re: 👀 Costco Membership Fee... 👀

Group 5 minus 1 — Sat, 04 Mar 2017 01:50:29 GMT

Gas here in Michigan at Costco is always cheaper sometimes as much as 20 cents a gallon. We like our Costco membership.

Re: 👀 Costco Membership Fee... 👀

Mz iMac — Sat, 04 Mar 2017 01:57:35 GMT

@SilleeMee wrote:
I've never step foot in a Costco store or bought anything from them.

Me neither. The only thing around my neck of the woods are BJ's. I think there is a Sam's club 2 towns away from me in another county.

Waiting patiently for my snail mail "2017" 90 day free pass coupon from BJ's.

Re: 👀 Costco Membership Fee... 👀

Drythe — Sat, 04 Mar 2017 01:59:40 GMT

Too bad if there is an increase, but I'll still be there at least once a month, not including fuel purchases.

Re: 👀 Costco Membership Fee... 👀

Hoovermom — Sat, 04 Mar 2017 02:06:15 GMT

Love Costco, been a member since they came to my town and enjoy my Executive membership benefits.

Re: 👀 Costco Membership Fee... 👀

NicksmomESQ — Sat, 04 Mar 2017 02:09:35 GMT

I love Costco.I go about twice a month.A $5 increase isn't going to deter me. The deals I get more than cover it!!

Re: 👀 Costco Membership Fee... 👀

JeanLouiseFinch — Sat, 04 Mar 2017 02:38:58 GMT

It wouldn't change my mind about my membership. We've been executive members since it opened by us. Between the Costco rebate and the Costco Citibank Visa rebate, we do pretty darn good. I'd be stupid to call it quits. I'm there every couple of weeks and DH even stops there for gasoline at times or if I ask him to pick something up on his way home from work. We're stayin'.

Re: 👀 Costco Membership Fee... 👀

Lila Belle — Sat, 04 Mar 2017 02:40:46 GMT

So ? Not a thing.

Re: 👀 Costco Membership Fee... 👀

tansy — Sat, 04 Mar 2017 03:02:36 GMT

Love Costco and the benefits of the executive membership.

I went in a Sam's Club yesterday -- there's no comparison.

Re: 👀 Costco Membership Fee... 👀

Bri36 — Sat, 04 Mar 2017 03:19:23 GMT

It's still reasonable to me.

Re: 👀 Costco Membership Fee... 👀

SharkE — Sat, 04 Mar 2017 03:25:28 GMT

Wish we had one in Amarillo. Dang ol' Sam's Club heard they were coming to town (one already in Lubbock, Tx) and bought up the land and put in a 2nd Sam's

Blech................

Re: 👀 Costco Membership Fee... 👀

GCR18 — Sat, 04 Mar 2017 03:27:39 GMT

As stated, Costco shoppers are loyal. They will pay an increase.

Re: 👀 Costco Membership Fee... 👀

Bri36 — Sat, 04 Mar 2017 03:43:41 GMT

Costco is one of the least stressful places that I shop at. The parking lot looks daunting sometimes, but it's always a breeze to shop. I wait less time in the checkout than the grocery store.

Re: 👀 Costco Membership Fee... 👀

september — Sat, 04 Mar 2017 03:52:18 GMT

Not all of us are willing to pay increased costs. My Costco is a small one and doesn't sell gas or some of the other things the big ones sell. I have an Executive membership and used to break even on the cash back I would get as opposed to having the regular membership.

I may drop back to basic membership if they have another increase.

Re: 👀 Costco Membership Fee... 👀

sissel — Sat, 04 Mar 2017 04:10:56 GMT

I am a basic member & will continue to shop there. I only have 1 fridge & just DH & me so some of the huge items is too much for us. We will go there for a cheap lunch, buy clothes & other household items, plus just walking the whole warehouse seems to get us a good workout. I do split some items with DD. There is always something new but remember if you go back sometimes they are sold out. I always have good luck with their plants. Just a fun place to shop especially since we are retired we go when it's not too crowded.