The Costco Love Affair Continues, And It Is Making Walmart Blush

The Costco Love Affair Continues, And It Is Making Walmart Blush

Even with our staggering inflation rate that has caused consumer belt tightening, Costco's numbers ... [+] remain stellar. But love does not come cheap, and the cost of membership is expected to get a "bump" in 2022. Even with our staggering inflation rate that has caused intense consumer belt tightening, Costco's numbers remain stellar. April's net sales reported on Wednesday, rose 13. 9% to $17. 33 billion from $15. 21 billion in April 2021. Meanwhile same-store sales were up 12. 6% while e-commerce sales increased 5. 7%. Even as families are being stretched, and maybe because of it, the Costco lovefest continues. The Price of Love But love does not come cheap, and those that "love their warehouse" will likely be faced with a twice-per-decade membership increase. As I suggested in my last Costco piece, the rumored membership fee increase which has occurred about every 5. 5 years continues to be expected later this year. The last increase was in June of 2017 and the anticipated membership hike is predicted to match the current inflation number of between 8 and 8. 5%. It is estimated that the $60 Gold Star Every Day membership will jump about $5 to $65, and