The chief financial officer of retailer Costco said that it’s likely his firm will increase prices for a membership.
“It’s a question of when, not if,” Costco CFO Richard Galanti told investors in a call several days ago. The last time Costco increased its membership fee was in June 2017, he noted.
Membership prices for the popular retailer generally occur every six years or so, the CFO also noted. However, he said that it’s still not time to raise prices.
“You’ll see it happen at some point,” Mr. Galanti said, without elaborating further. “We’ll let you know when we know. We can’t really tell you if it’s in our plans or not.”Costco’s Gold Star membership costs $60 since 2017, coming after a $5 increase that occurred that year. Before […]
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