Multiple changes are coming to the most profitable of all warehouse membership clubs.
This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets: Costco.com and The-Sun.com.
In recent days has come word that Costco is undertaking multiple operational changes.
Let us explore.
According to a report from The-Sun.com, entitled “TACK ON: Customers Will See Five Costco Changes Next Time They Shop – And One Will impact Your Wallet,” the titular changes will come over time, including announced plans to open 24 new stores throughout the current fiscal year. Of those, 15 were said to be opening in the U.S.
It should be noted several of those announced stores have already opened.
Another forthcoming change includes a membership increase. As excerpted from the report, quoting the company’s Chief Financial Officer: “In our view, it’s a question of when, not if,” Richard Galanti said about the eventual rate hike on the company's quarter 2 earnings call.
For a recently-disclosed hack as to how to shop at Costco and purchase the company’s gas without a membership, see my NewsBreak article on the topic here.
The report further lists a food court price increase, as its chicken will be going up by $1 and fountain drinks by 10 cents.
As far as additional changes, the report states: Costco is expanding the vendors it works with. Shoppers will start to see new brands popping up around the store. Last year, the store started carrying the beauty brand Boscia and the dinnerware brand Fitz and Floyd. On top of all these changes, there is an automatic surcharge on online orders you may not realize you're paying.
The collective changes coming to Costco is a developing story. In the event of pertinent updates to this matter, inclusive of progress and official announcements of milestone dates, I will share them here on NewsBreak.
Thank you for reading.