Costco Is Hiking Its Membership Fees

Costco Wholesale COST on Thursday announced a membership fee hike, even as it reported disappointing revenues and profit for its second fiscal quarter.

The company, the second largest U.S. retailer after Walmart, will raise the price of its Gold Star membership by $5 per year to $60, and lift its Executive membership fee $10 a year to $120 as of June 1. Costco last increased the fee November 2011 and raises it about every five or six years.

The hike...

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