Sam’s Club is raising its membership by $5

Add a Sam’s Club membership to the list of subscriptions that are going up in price.

The Warehouse Club, which is owned by Walmart, announced Wednesday that it is increasing its annual membership fee by 11% — from $45 to $50 — starting in October. It is the first fee change in nine years.

The cost of a premium membership plan will also increase from $100 to $110 for the first time since the plan’s inception in 1999.

Sam’s Club said it will offer buyers with a basic membership $5 in rewards and $10 to premium customers as a renewal perk after the price increase goes into effect.

Regular membership at rival Costco, the largest warehouse club, costs $60. Costco typically increases the price of a membership about every five years. His last hike was in 2017.

Warehouse clubs gained market share during Covid. More consumers shopped online during the shutdown as fears of catching the virus kept many shoppers away from crowds.

Sam’s Club and BJ’s even added same-day curbside pickup for customers who bought online. Club stores gained 0.5% market share in 2020 and 0.5% market share in 2021, totaling approximately $16 billion, according to IRI data. They also had the fastest sales growth in 2021 compared to 2020 among any retail channel.

https://6abc.com/sams-club-raising-price-warehouse-raises-membership/12185354/ Sam’s Club is raising its membership by $5

Alley Einstein

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