"The forthcoming price change marks the second time in five years that Sam's Club has increased annual membership costs, with the previous increase occurring in late 2022."
""We have adjusted our membership pricing to support the things our members love," a spokesperson for the Bentonville, Arkansas-based company said in a statement to Fast Company."
"The company plans to open six new Sam's Club stores this year in Tennessee, California, and Texas, as USA Today has reported."
"Indeed, there's no longer much of a discount, if any, to an annual Sam's Club membership compared with its two main competitors."
Starting May 1, Sam's Club will increase its annual membership fees by $10, raising standard membership to $60 and Plus membership to $120. The company aims to encourage more members to opt for the Plus membership by increasing cash back rewards. This marks the second membership fee increase in five years. The price adjustment is intended to support enhanced member benefits, including expanded hours and improved delivery options. Sam's Club is also expanding its store locations and targeting higher-income customers.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]