Costco Gives Membership Fee Update as Price Hike Looms
Costco has been dangling the probability of a membership fee increase over its hordes of shoppers for around a year and a half now. As outgoing Costco CFO Richard Galanti has repeatedly expressedregarding the fee hike: “It’s a question of when, not if.” However, the retailer just confirmed that it still has no plans to roll out that much-anticipated fee increase for the time being.Following the release of its latest earnings results, Costco hosted a callwith investors to discuss the data on March 7. When the topic of membership fees came up, Galanti revealed that the company still isn’t in a rush to implement a price increase.