Now, it’s holding firm on membership fees, too.
Is a Costco Executive Membership Really Worth It?
Galanti added, “We’ll let you know as soon as we know.
Photo: Marisa DiPaolo. Design: Joe Heroun / Eat This, Not That!
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Costco executives have brushed aside questions about a possible fee increase for at least the past year.
Their usual reply is to concede that a rate hike is inevitable but never commit to a specific timeline.
“It’s a question of when, not if,” Galanti has repeatedly said.
Historically, the club raises its annual fees about every five or six years.
If the pattern were to continue, then the next hike is already past due.
The basic gold-level membership costs $60 yearly.
Costco raked in over $1 billion in membership fees alone during the past quarter.
