Retail News
Costco falls short of expectations, announces membership fee hike
Fortune 03/02/2017Costco’s share price took a hit after the warehouse club posted lower than expected sales and earnings results for the fourth quarter. The chain also announced it was increasing the price of its annual Gold Star membership by $5 and its Executive membership by $10. The chain derives about 70 percent of its profits from membership fees.
Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!