Costco members can save big this week!
Perhaps in response to promotions like Amazon Prime Days and Target Circle Week, legendary wholesale retailer Costco is introducing its own major savings event!
From July 15th through the 19th, Costco is holding Member Savings Days, which will give Costco members access to even higher discounts than usual!
Currently, there’s only one Disney item listed as part of the event: a Kid’s 3-Piece Character Jersey Set that features Spider-Man, Mickey Mouse, and Marvel. However, given the fact that Costco consistently carries Disney merchandise and gift cards — including a brand new Halloween collection — it’s worth keeping an eye on to see if any other items are added to the sale as the days go on.
Interestingly, Costco has launched this new member-exclusive sale just days after announcing that membership fees are increasing for the first time in 7 years.
Effective September 1st, 2024, annual membership fees for U.S. and Canada Gold Star (individual), Business, and Business add-on members will increase by $5 to a total of $65. In addition, annual fees for Executive Memberships in the U.S. and Canada will increase from $120 to $130 (Primary membership of $65, plus the Executive upgrade of $65).
The price increase will come with an expansion of one per for the higher tier members however, as the chain added “the maximum annual 2% Reward associated with the Executive Membership will increase from $1,000 to $1,250.” According to Costco, these fee increases will “impact around 52 million memberships, a little over half of which are Executive.”
This increase in fees comes at the same time that Costco has begun cracking down on non-members shopping at their locations. In 2023, the chain began requiring shoppers who use the self-checkout lane to provide photo identification that matches the Costco membership card they’re using to complete the transaction, matching the policy that had been in place at regular registers. At the time, the chain said in a statement, “We don’t feel it’s right that nonmembers receive the same benefits and pricing as our members.”
Costco was founded by James Sinegal and Jeffrey Brotman in Seattle, Washington in 1983. The chain currently operates 882 warehouses, including 609 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 33 in Japan, 29 in the United Kingdom, 18 in Korea, 15 in Australia, 14 in Taiwan, 7 in China, 4 in Spain, 2 in France, and 1 each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia.
Costco has launched its own special week of deals, Member Savings Days, which provide new and exclusive discounts to members just days after announcing membership fees are going up. Stay tuned to DFB for further coverage of Costco deals.
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