COSTCO rolled out a number of changes, but buyers haven’t welcomed all of them.
Customers renew their membership year after year to continue having access to affordable prices and exclusive items.
Members can even save money by filling up their car with discounted gas.
But Costco didn’t stay in business that long without making big changes here and there.
Shoppers are used to things changing in store, but some updates were bad news.
The US Sun has summarized five changes at Costco that customers will see this year.
1. NEW LOCATIONS
Last year, Costco announced that it plans to open 24 new stores this fiscal year.
Of these, 15 will be in the US
Three stores have already opened — one in Queen Creek, Arizona, in January; another in March in Kyle, Texas; and a third in April in Longmont, Colorado.
2. INCREASE IN MEMBERSHIP
In March, Richard Galanti, Chief Financial Officer of Costco, announced that there would eventually be a rate hike.
“From our perspective, it’s a matter of when, not if,” he said of the upcoming increase in the company’s second-quarter earnings call.
He remained tight-lipped on the matter, telling WNYW, a New York Fox affiliate, “We’ll let you know” when asked more about it.
Currently, Costco charges an annual fee of $60 for Basic Gold Star membership and $120 for Executive membership.
3. PRICE INCREASE IN THE FOOD COURT
Don’t worry, this won’t affect the hot dog.
Jim Sinegal, the co-founder of Costco, once told the company’s current CEO, Craig Jelinek, “If you pick up that friggin’ hot dog, I’ll kill you.” Find out.”
Instead, the food court chicken will be $1 more expensive and drink prices will be increased by 10 cents.
4. MORE COLLECTION OPTIONS
Costco introduced pickup lockers so customers can easily pick up their online orders in-store with almost no wait time.
This is a great option for buyers concerned about packages being stolen from their porch.
The downside is that the lockers cannot be used to order fresh groceries.
5. MORE OPTIONS
Costco is expanding the vendors it works with.
Shoppers will find new brands popping up all over the store.
Last year, the store debuted cosmetics brand Boscia and tableware brand Fitz and Floyd.
In addition to all these changes, online orders come with an automatic surcharge that you may not know you are paying.
Also, check out the “foolproof loophole” that allows you to shop at Costco without a membership.