Costco Wants to Stop , Membership Card Sharing.<br />CNN reports that people who <br />aren't Costco members are increasingly <br />using other people's cards at self-checkout.<br />The company will now ask to see an ID along with <br />a membership card at self-checkout registers.<br />We don’t feel it’s right that nonmembers receive the same benefits and pricing as our members, Costco, via statement.<br />The warehouse club retailer is one of the <br />world's biggest membership clubs, CNN reports.<br />A regular membership costs $60 a year, <br />and an executive card costs $120 a year.<br />Costco's membership prices <br />have not gone up since 2017.<br />Last year, Costco raked in $4.2 billion <br />from membership fees alone.<br />That's 9% more than what membership <br />fees brought in the year prior. .<br />Changes to the company's membership structure could cause it to raise prices, CNN reports.<br />The extent to which we achieve growth in our membership base, increase the penetration of Executive membership, and sustain high renewal rates materially influences our profitability, Costco, via statement
