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Costco Wholesale Corporation was founded on September 15, 1983 by James Sinegal and Jeffrey Brotman. (Photo © Cuban Newspaper)
Costco, the internationally known wholesale chain, has announced significant changes to its membership policies. These updates, aimed at improving the shopping experience, affect both current and future members.
What do the new membership guidelines mean?
Costco has tightened rules around the use of its membership cards. The most important innovation is photo identity verification, especially in self-checkout systems, to ensure that only registered members have access to the shop’s exclusive benefits.
“We do not believe it is right for non-members to receive the same benefits and pricing as members,” the company said in a statement.
The new regulations specify that membership cannot be shared with non-members and reiterate that each card is personal and non-transferable. The goal of this action is to preserve the integrity and exclusive benefits of a Costco membership.
Costco members continue to enjoy benefits like competitive prices and access to quality products. Memberships, incl Gold Star and the executive branch offer a variety of benefits that increase the value of membership.
These changes could change the way customers interact with Costco. Some may find these measures restrictive, while others may see them as an improvement in the quality and exclusivity of the service.
How much do Costco memberships cost in the US?
- membership Gold StaA: $60 per year.
- Executive Membership: $120 per year.
Gold Star Membership provides access to all Costco locations, exclusive discounts on certain items, and the ability to shop online. Executive Membership, on the other hand, includes all the benefits of Gold Star membership plus a 2% annual bonus on eligible purchases, complementary travel offers and free roadside assistance.
It is important for Costco customers to be aware of these policies and always carry a photo ID along with their membership card to avoid mishaps with their purchases.
Costco stores around the world
Costco Wholesale Corporation was founded on September 15, 1983 by James Sinegal and Jeffrey Brotman. The first location was in Seattle, Washington, USA. Since then, Costco has grown significantly and become one of the largest retailers in the world, known for its wholesale shopping club business model.
As of April 2023, Costco had a total of 816 stores worldwide, 757 of which are distributed in five countries: the United States, Canada, Mexico, the United Kingdom and Japan.
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