Costco hikes membership fees for first time in seven years
Costco (COST) has announced its first membership price increase in 7 years, taking effect Sunday, September 1. The wholesale grocery retailer will raise the cost of its Gold Star membership by $5, bringing it to $65. Similarly, the Executive membership will see a $10 increase, reaching a new price point of $130. Yahoo Finance senior reporter Brooke DiPalma joins Wealth! to break down the details of this new pricing strategy. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
