ATTN Shoppers: Costco Raises Membership Fee

Photo credit: Playhouse Media

Costco shoppers will soon have to pay more for membership, the company recently announced.

Costco Membership Fee Increasing

On Wednesday, July 10, 2024, the membership-based warehouse club said that it will raise its membership fees by $5 in the U.S. and Canada starting September 1.

Annual memberships will increase from $60 to $65, while the “Executive Membership” plan will rise from $120 to $130.

The fee hikes will impact approximately 52 million memberships, with a little over half being executive memberships.

Following the announcement, Costco’s shares rose about 2% in extended trading.

This is Costco’s first membership rate increase since June 2017. Historically, the company has raised rates approximately every five and a half years, which would have placed the next increase in late 2022 or early 2023.

Where Is The Closest Costco in New Orleans?

In New Orleans, you can find Costco at the following locations: 3900 Dublin St, New Orleans, LA 7011 | (504) 484-5220

Final Word

These are very exciting times for our business and the fantastic momentum that we generated in 2023 has carried us into the new year,” added Norberg. “We are positioning ourselves to embrace this continued growth and are thrilled to be able to bring our highly craveable and high-quality products to more communities.”

Live music is a part of New Orleans’ culture for sure. from jazz clubs to the city’s diverse bar scene, from historic cocktail bars to trendy craft beer spots. listening to lie music is a popular nighttime activity, especially in areas like the French Quarter and the Warehouse District.

Keisha Smith

Keisha Smith is a Contributing Writer who attended college at Southern University A&M College in Baton Rouge. She is currently writing a book on south Louisiana culture.