In October 1980 new construction condominiums covered the hillsides of San Diego. Apartments were being converted, forcing renters out. Gene Cubbison report.
ISSAQUAH, Wash — The price of a Costco membership willOn Sept. 1, the cost for a Gold Star membership, the basic tier, will increase from $60 to $65. Executive memberships, a higher-tier plan, will increase from $120 to $130, Costco announced in an earnings call Wednesday. The maximum annual 2% cash back reward for Executive members will increase from $1,000 to $1,250 when prices go up.
The last membership price increase was in June 2017. Costco said the latest price hike will affect 52 million memberships, about half of which are the higher-tier Executive option. On a call with investors last September, Costco's chief financial officer was clear that a membership price hike would come eventually and said it wasCompetitor Sam's Club also raised membership prices in 2022, but charges less than Costco at $50 for a base membership and $110 for its Plus membership.Sam's Club will change a key perk for Plus members next month. Here's what you need to know.
Costco, the third-largest retailer in the U.S. by sales volume, sells items in bulk and relies on a membership structure to keep costs down for shoppers. Last year, stores began to crack down on unauthorized card-sharing, getting stricter about asking to see shoppers' membership cards with their photo at self-checkout.
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