US Analysts Predict that Costco could Increase its Membership Fee Next Year
US analysts predict that Costco could raise its annual membership fees next year. The action might be mainly due to slowing growth in revenue. The prediction says the retailer might spike its yearly fees by approximately ten percent in the coming year.
On Friday, Michael Lasser , an analyst with New York based UBS said, he was not completely sure that the company will raise the fees but he was projecting firm growth for Costco next year , partially counting the expected increase.
Lasser wrote, "The conditions are in place for Costco to bump up its membership fee early next year." According to his prediction, the wholesale chain is likely to hike its basic membership to $US60 from $US55 and the executive membership to $US120 from the current $US110. On Friday he wrote, "The conditions are in place for Costco to bump up its membership fee early next year."
The note also said that the Costco has in the past increased its membership fees approximately at a gap of five to six years. It's the last hike was in November 2011.
Life is becoming busier than ever and the food...Read More
A truck driver, who is on trial for an accident...Read More
A container ship sailing around 500km north of New...Read More
When tragedies like Orlando shooting incident...Read More
Shares of Baidu dropped five percent during the...Read More
On Tuesday, Crude oil futures dropped during early...Read More