Costco is going up five dollars a year after not going up fot years and immediately announced their worker's would be getting raises, this is MORE than fine with me.
Who’s angered by a $5 increase? It’s literally been years since a membership hike and they pay their employees well. Can’t say that about Walmart/Sam’s Club.
Not many Costco members are upset by the price hike. Costco hasn't increased prices since 2017, so $ 5 bucks over 7 huge inflation years is a big nothing.
@@RajbirSingh-ul1mwAnd you're just repeating the talking points the CEOs like to utter at every turn. Keep licking the boots of the rich though, let me know how that works out for ya...
@@kamalaharry9514 This has nothing to do with taxes but everything to do with greed. COVID gave every company in America a valid reason to increase prices. But now, 4 years later we’re still seeing these price hikes because these companies got WAY to comfortable squeezing us because they know we will pay. All you have to do is take a look at how every single corporation is bragging about record profits
@@RajbirSingh-ul1mwInitially yes, it was inflation. Now its greed. Theft has little to do with it, its just what the media has been focusing on to create a divide so we fight ourselves instead of boycotting these greedy companies
We cancel our Sam’s Club. Costco has a superior management philosophy based upon service, efficiency, employee empowerment. Sam’s club is just turning into Walmart with lipstick.
@@bastionwolf Sam (Walton)'s Club is Wal(ton)-Mart in bulk. Great for small to medium sized business owners, churches, and people with decent sized families. Some have dual membership/credit cards, and those have pretty decent cashback rewards and great gas discounts. When I first moved out on my own my parents pre-paid a one year membership for me, and I honestly went maybe 4 or 5 times. If you're single, into meal prep, very rarely eat anything other than your own home-cooked food, and have people over often for dinner, then it's worth it. This is doubly applicable if you do these things and work full time out of a home office that you're required to fully furnish, and you upgrade electronics frequently. None of these apply to me so I can't personally justify having a membership at any cost when I've got Aldi directly across the street a family member that lets me use his 15% employee discount at the big box supermarket where he works , and a gas station 2 miles from me that competes with Sam's Club for the lowest gas prices in my metro area. But for people in the aforementioned scenarios, it definitely pays for itself.
@@tomhammer1784 We have a Sam’s club but only reason is that Costco is overwhelming busy and always crowded I’m sure you are right about the company being superior but I never have that issue at Sam’s.
The 8 am to 10:30 am hours have ALWAYS been for executive members. They just don’t always enforce it but should since we pay extra for our membership. There is NOTHING new about that. Nothing.
Did not see the value in the executive membership. My cash return was not adding up to the extra cost of an executive membership, but I kept the credit card. After all, the credit card is a third party and you can use it anywhere. So I downgraded my membership to a basic. Here’s the kicker, entered the store showing my credit card at 9am. Normally it would take me about an hour to shop the store and by the time I arrived at checkout, my basic membership was active. Never had a problem.
I actually get the premium, which was $120 (probably going up a bit too, but still worth it). You get cash back for everything you use the card for (a higher percentage if your purchase at Costco of course). If you get more than $250 cash back in that year, you can direct deposit it into your bank and not even have to spend it at Costco. So basically Costco *pays me* over $100 every year to spend money there for cheaper stuff...
@@kevinklein9565 If you actually care about being accurate / informed, you should check comparative pricing on items BC your claim about Costco “will always be better deals” isn’t true. I just checked both stores online in Tampa (a mile apart), plus reviewed 2 comprehensive research articles with B.J’s, Costco and Sam’s on about 3 dozen items. Prices on both store brands and nationally recognized brands vary between the 3 clubs, mostly averaging out with one item being less here, the next item being more, etc. B.J’s was also surprising with lower prices on several common household items that most everyone uses. JS
Costco has saved me thousands… I’ll gladly pay $5 more for my membership… when gas was $7/gal here in California I was paying $5.65/gal at Costco. At the time I was putting about 50,000 miles a year on my car. One take of gas alone more than pays for that extra $5 membership fee…
Yes, but you shouldn't publicly say you would gladly pay more. Keep pressure on them to keep prices low or else they will keep increasing and more frequently. That gas won't stay low if they start viewing customers as expendable like the fast food industry did for the past decade.
@@mh23hm That's not Costco's way... my understanding is they have strict margin expectations, and they adhere to them... I believe they make their money on the membership fees
This report is not true. No one is angry that Sam’s added a new premium membership category, they just said that they were satisfied with the regular membership. Charging for shipping on orders over $50 will result in lower prices, and encourage more efficient bundling of orders, using less energy lowering carbon emissions. There was no evidence that any Costco members were angered that they increased their membership fees by $5 per year. They may not like it, but to say they were angered is not accurate. This was the first increase in Costco membership fees since 2017.
@@annabelle1471 TV news, like RU-vid videos, is all about click-bait and ad revenue. They make up stuff to get us to watch. They got me to watch and it was all bogus.
I use to have a Sam's club member through my employer but I found that some items I could buy cheaper right from Walmart. I mean why pay a membership fee if their own business is selling it cheaper without the fees!
@@tammyrawdon3587 no Walmart is Walmart and Sam's club is Sam's club. They might be owned by the same corporation but they are different branches of the same company. In essence they are competitors within the same corporation. Why should I pay a membership fee to get items I need that might very well be lower priced at Walmart. And be honest how much do you have to spend in order to see the difference? You have to save $50 ($110 for plus) before you really start to see any savings. On top of that is Sam's in a more convenient or inconvenient location then other stores if so you're also spending more in gas if further away.
@@kittycat8222 this was years ago so can't remember which ones but just do a comparison. I do remember one as a movie DVD it was like $5 cheaper at Walmart compared to Sam's as I was shocked as neither was on sale but it was cheaper to buy at Walmart. Just do your homework and compare prices and you might be surprised! Plus consider that in order for you to get the benefit you need to do two things first. You have to spend and save $50 ($110 for Plus) in order to justify the membership as that is an expense you have that you don't have at no membership required stores and then you also have to factor in gas and if its worth it based on the location of stores compared to how many miles you have to drive extra to get to a Sames or Costco. Is it worth it if you have to drive further to reach one of the member stores???
@@tammyrawdon3587 uhm- Sam’s Club is part of the Walmart conglomerate. And they are right- if you break the prices down for the bulk items compared to the individual items the per item cost is often just a few cents difference.
@@lotteleymoore-daigle9623 I’m a plus member & this is just my 2nd year with them, I THOUGHT they were a good company but now I’m having my doubts. Their membership fee went up this last time but still didn’t know about all these other changes. They are shooting them selves in the foot. I renewed my membership last month, can I still get a refund?
Costco service is crap. They ask at the register "did you find everything?" I say no and I asked for help finding it. They gave me an aisle number and I told them I looked and couldn't find it and asked if they could have someone get it and they just flat out told me no they couldn't. WTH?
@@czrs85 I was already checking out. How would that convince me to go to every aisle in the store? Jokes on them. I go to the paper product aisle. The plastic bag aisle. The ketchup aisle. And then the register. Most of their stuff is NOT a good deal.
@@loisnoble9139 that’s the only way they can sell bulk items at cheap prices. The business model can’t work without it. The grocery business is very low margin.
You don’t have to, nobody forces you to shop there. if you prefer to buy in bulk then a membership isn’t that bad. You save money in the long run, but only buying bulk makes sense
Costco sells everything with a low mark-up - that's why they charge for membership. Just get a Costco Visa Card and you'll get a Costco check yearly - which covers the cost of the membership. Use those coupons which are mailed to members monthly - Big Savings. Not to mention all their quality products, 2-year warranties on small and big appliances, TVs, etc. The best Customer Service - and so easy to shop on-line. So Worth It.
If you purchase the premium membership, they give you (depending on how much you purchase throughout the year) a gift certificate and it has always paid for our membership in full. So ultimately you pay nothing to be a member.
I can barely afford stuff now. I can't afford to pay memberships too. You all lost me paying memberships after covid, when prices skyrocketed. I'm on a fixed income.
Honestly, I think you're still coming out on top annually if you usually shop for a large family. If you have a family of 3, then maybe just shop at Walmart. Anything larger than 3 though, I'd say you're going to save a lot of money shopping at a club store. Not to mention if you have a gas car, the gas alone will make up for the membership cost. With rising costs everywhere, I don't expect Costco and Sam's Club to be immune from raising their prices as well. That's why you have to vote smartly instead of emotionally.
@@RajbirSingh-ul1mw You're so full of $hit. What are you, a bot for the Walton family or just a cuck for the corporate class in general? When class warfare finally arrives in US, it will be class traitors like you who are first against the wall, even before the oligarchs.
How are they robbing customers? They're raising the membership fees by ~8%. Biden's inflation is 35%. Someone has to pay for those increased costs of doing business...or the business will go out of business.
I have a Costco membership. I used it to easily buy Mexi-Coke. Now that I can buy Mexi-Coke from Home Depot for same price and HD is closer to home. I won't be renewing.
It's huge. Because everything else went up 15$ or more at the same time. They can't get blood from a turnip. Record profits is wage theft. No increase in cost without equal increase in service! No one else's wage went up 5$.
It is reported they haven't raised membership prices since 2017. It's been steady for 7 years and it's going up less than 10%. Sounds very reasonable to me, given the inflation we've been experiencing. People need to calm down already about it.
10 years ago, I had a Sam’s membership (had it for 2 years). Then it hit me, why am I paying money to spend money. Now it’ll be a cold day in…before I’d do it again.
I've been a member of Costco since the late 80's and have seen things change dramatically. These changes always seem to happen gradually as a fade out rather than something immediate. For instance, the food court used to have sauerkraut, chopped onions, and relish for the loss leader hot dogs. Remember the Polish dog choice? The pizzas are either pepperoni or cheese... that's it. So many of my favorite go to products like Lipton tea bags and Hebrew National salami disappeared off the pallets. There are many more but you get the idea. Out of the blue the store policy changed that everything HAD to come out of the cart for check out. I get a dozen or so items all in the cart with the bar codes facing up, that's the way I have always done it because orders don't get run together, it became an issue. I went to the manager and expressed my concern and told him I keep everything in my basket and gave him the reasons why. Then came the company rhetoric. I quietly asked him if he had a pair of scissors I could use just for a second... confused he asks me why. To cut my credit/membership cards up in protest. The new cashiers are told to do it and when I refuse, they get irritated. I wasn't the only one and Costco soon dropped the 'unload your cart' policy. I don't need Costco but they do need me and all other customers because we are what makes it all work.
I have a large family and always loved Sam’s Club,and paid for the executive membership. But over the last few years it hasn’t been worth it for so many reasons. I canceled my membership because the prices have skyrocketed as well as the cost in store… People saying I’ll shop at Walmart,there owned by same people and now there pushing that Walmart + membership,it’s just all ridiculous!
Do you put stamps on your mail that goes through the Post Office? Same concept. Shipping is a convenience and payment pays the salary of the person making the deliveries.
Reality! Sam’s and COSTCO are facing the same increases everyone else is. Do I like it? No! But I do like having things brought right to my rural home. Minimum? I beat those minimums almost every time I walk into either store. And I def beat any when shopping online and shipping home. Does a hamburger cost the same today as last year? Nope.
We have been Sam's Club Plus members for years - we had been buying both online and in the store. However, with the $50 minimum purchase requirement for free shipping, we're going back to the basic membership. The extra cost of the Plus membership used to be offset by the free shipping - not any more!
It's going from $60 to $65??? OMG, what a...wait...that's not bad! It's called inflation and the price of EVERYTHING goes up over time. You have to do the math to see if being a member works for you, but the deals you get are fantastic.
I have Costco, BJ's and just added Sam's because of the $20 (not $25) membership for alumni of any accredited US school. So, folks if you want this deal, hurry because it ends Aug.1. BUT I won't pay extra for any perks. Nope.
really need better training, monitoring, and enforcement for costco workers. i see costco workers throwing boxes of fruits right in front of me. and a big issue with buying from costco is damaged produce. i’ve had to make so many returns the past few years.
Sam's Club also uses a third party for deliveries. On caller ID it's a company I have never heard of before with an area code that's not in Wisconsin. So not knowing this company that called, but left no message my order was returned and cancelled. And I had to call Sam's to find out that my delivery was returned. Plus I never received my over $30 Sam's Cash back on cancelled order. Plus coffee ( Starbucks Espresso) that I normally have to order for shipping because none of the stores in our area has that coffee out for purchase, I couldn't get it shipped but could purchase it online for store pickup only. So it's a bit of a large mess right now and frustrating.
@@omgcrisbreezy I’ve never experienced more than a five minute wait at Costco. And at Sam’s club scanning and re-scanning takes time too. Plus, Costco treats their employees way better, and that matters to me. But if you like Sam’s Club better, enjoy going there.
I don't understand why people pay to shop there . I've asked my friends and co-workers why they go there? It's the same answer good deals . These companies should be paying us to go to there stores !!!!!! This stores are not worth it , next year it will cost 150 dollars or Moore. 💩🤬
Most companies have a minimal amount you have to buy before you get the free shipping. Sam’s always had early shopping if you were a plus members. Click bait, nothing new that Sam’s is doing. And the $25 membership for new customers is not lifetime but a one time promotion to get new customers or old customers back into shopping at Sam’s. After the first year the renewal fee is the same as everyone else’s.
My Costco membership expired during Covid. I haven’t renewed it because I realized that I just don’t *need* it. Plus it’s *crazy* busy now and other shoppers are rude as duck. Like, worse than it was before the pandemic!
Agree! I had a Costco membership and used it exactly 3 times because of the crowds. Getting in and out of the parking lot alone made me hate going there.
I agree. The crowds are just too much. And people are so unkind in the aisles. Even the employees are mean at my store. I feel like I paid $60 to be treated like I'm not even human.
I’ve already been thinking about dropping my Sam’s membership. Now it’s a no brained. I was happy for my daughter when she got a half price membership last year, but it still aggravated me! I’ve been a loyal Sam’s Club member since they arrived in our location.
*On this latest episode of the Waltons: the family whose individual members make more money sleeping than most households make a year isn't about to reduce their profits, so they're going to squeeze paying customers for more* 🙄 Nobody's surprised are they?
The shipping fee seems logical. Imagine you own a store that ships items. And a customer only buys $20 worth of items. Shipping isn't free for the business person.
i run a small business, i have the plus membership, i spend THOUSANDS, i get rewards cash back and it pays for itself. i buy things and i get the rewards cash back, i use the cashback to pay for the 110$ membership fee and i spend the rest of the rewards cash on candy for myself!
I have had the basic Sam's membership for over 20 years. Big whoop. Wife got a free membership to Costco, a few different items, BUT Sam's is cheaper overall on items !!!
These stores have always been a ripoff for the middle and upper middle class. I priced everything in Costco like cereal in giant boxes. It turned out that I could buy the cereal at Walmart in the small boxes for the same or less. Everything else was pretty much the same.
We dropped our Sam's membership last year. The basic membership went from $60 per year to $115. We didn't even know they shipped & were usually in the store in the evening. 😮 I wonder if they have different rates in different states.
Consider that Sams Club is the same corporation as Walmart. Five dollar increase for my Costco membership is still offset by my savings, even if it was just fuel since joining in 1993.
If you have a husdand or wife just have them sign up with their name to get the 50% off then cancel the existing membership 😂 Hit them with that reverese UNO card🤣
The Plus membership for Sam’s is 5% back on gas, anywhere. Every time I walk in, I go to customer service and ask for my accrued rewards and get handed anywhere from $30-$80 cash. It saves us hundreds just in fuel purchases alone each year. Just got a set of Michelin tires for about $200 cheaper than a national chain tires-only store could. It’s a no brainer even with “restricted hours” - and wait to make an online purchase until you have over $50, how hard is that?
$50 minimum? Sam's and Costco are called the $100 stores for a reason. What could you possibly be buying for less than $50 that you need delivered from them that you couldn't get elsewhere?
So sams club is matching costco, no news there. Here is the way to look at it. The saving alone on toilet paper and paper towels, tide pods and dishwasher pods we use in a year, is more than the membership price. Plus do their citibank card and the cash back is more than the annual fee. You can use that to pay your membership as well.
I’ve never seen the benefit of being a member, even when all my kids were living at home. The prices are usually better if you look for sales at stores that don’t charge a membership fee and most food comes in too big of quantities to use before it expires.
Shipping isn’t free at Sam’s it’s like $8…… unless you have premium service it’s free shipping. Costcos prices have skyrocketed 30%+ in the last few years. And guess what the stock price has as well. Hmmmmmm interesting
@@IzzyEatz Delivery is when you place your order and someone brings (delivers) the order to you during the timeslot you selected at checkout. With the Plus membership, you can get slightly earlier delivery times.
I’ve let my membership lapse this year because I just couldn’t afford to buy bulk anymore and just live week to week on bare essentials 😢 The blame is voters always voting yes to every levy. Property taxes went up 70% in my area. For sale signs popping up all around us and sadly we’re probably going to get forced out too. Spending doesn’t make sense in this economy but the government seems to have increased its appetite.
It’s the gas for Sam’s membership. The regular fee is ok. The premium does have cash back rewards and that is good too. I just got a BJs membership for $10 and of course they have gas too and reasonable prices. Sometimes walmart is charging more so bulk is better, to me. I prefer anything but Walmart even if Sam’s is the same company.
Avoid the half price deal!! I fell for that and the next year they tried to charge my card for the premium membership. Fortunately the bank rejected it. They would then not allow me to join at all for the regular membership. It's in the fine print. I canceled and then waited a few months and went back in and joined lower one, giving them CASH
Premium members never got their own exclusive cash registers at Sam's, so i stayed with the basic membership. Maybe if they offered a 1% rebate i might consider spending $6,000 annually to make up for the extra $60 of membership cost. I appreciate Sam's a lot due to it being in my neighborhood however i typically always rely on Amazon for online shopping.
Once they put all of these. other stores out of business, you are then stuck with these memberships fees forever. AND THEY WILL ALWAYS GO UP. So pretty much you are just paying to be able to walk in tha store, lol
I see the trend with companies give them good deals whatever for a while then dick down your customers because people dont like change and will continue paying
Glad to see reporters still don't look up what they spew. Sams has always had some type of intro discount for people for the first year only, which is what you showed. I paid 25$ for the first year BECAUSE I'M A VET, then 50$ a year just like everyone else. Any ORDER 50$ or more, including groceries, is FREE shipping on any type of account instead of only premium. So, Sams is giving more to people who don't to pay premium.
Thanks to some of you who responded to this.I'm thinking of costco costco as the better place of employment compared to sam's, I've worked for sams But visited costco with a friend who has a membership and just felt a whole other vibe! In my head i was like yea up this is like sams but way better! Bigger menu, more updated tire shop ect! If part of sam's problem is Having too many Stores with not enough employees They're turnover rate is pretty horrendous and I know of a store That has been through like three store managers in one Year which says a lot! Hell the tire department alone hasn't had a set manager for years and they keep switching team leads. Another weird thing with the managing is that the manager doesn't actually know the department at all, so they might as well.Let the team lead be the manager.I could go on but on my end here its a mess enough said!
East coast viewers probably aren’t aware of this but Sam’s Club is no longer nationwide, they couldn’t compete with Costco and pulled out of the Northwest a decade ago and shuttered all their stores. One does wonder if this inability to compete has encouraged them to look for revenue elsewhere.
@@bb0123 And now we see how. Reading through the comments, most people are just so okay with it. They keep defending the companies decisions to keep raising prices. So companies realize they can get away with it.
It's cool that your trailer park has a tight knit community but if you think Costco is going to care about the $100 they lost from you sharing your card with drug addicts than it's clear the fent has fried up your mind.
Wow, instead of saving hundreds, if not thousands of dollars every year by shopping at Costco, I’ll only save $5 less than hundreds of dollars if not $5 less than thousands of dollars by shopping at Costco. This is unacceptable! The savings on one single shopping trip a year more than covers the current cost of membership, so just don’t buy that second rotisserie chicken and you come out 1¢ ahead.
It's pretty ridiculous to lump Costco into this considering it's an increase of $5 PER YEAR. They lose money on something like 70% of their products so it really is the subscriptions that keeps it going. They also pay their workers well and have a very robust benefit package.
I don’t care to shop at Walmart. They don’t take care of their employees, suppliers or neighbors. They move in near small towns and put all the small businesses out of business. They make suppliers charge less. Sam’s is part of the same group. Costco takes care of their employees and their suppliers.
I have a Costco membership but I let my Sam's Club membership expire it was always like the special needs Costco. I spent more than $65 on lunch today for myself a $5 increase is really nothing plus Costco employees are so much more friendlier and helpful .
my plus membership won't expire until next January. The report isn't clear. If the $50 minimum for free shipping applies to current customers who have plus memberships doesn't this mean they owe me a refund on my membership or a credit of 4+ months on the $110 plus membership?
