Monday, November 11, 2024
HomebusinessCostco Cracks Down on Non-Members Eating in Its Food Court

Costco Cracks Down on Non-Members Eating in Its Food Court

Published on

spot_img


Shoppers enticed by Costco’s $1.50 hot dog and soda combo, which has stayed the same price since 1985, but not by the wholesale store’s $60 annual membership fees may be out of luck — the company is making its food court “members only.”

And there are reports that Costco is already taking steps to enforce the policy at certain locations. A Reddit user posted on Thursday that at a Costco location in Conroe, Texas, the person at the door checking receipts wanted to see the food court receipt.

Earlier this month, a Costco location in Orlando, Florida posted: “Effective April 8, 2024, an active Costco membership card will be required to purchase items from our food court.”

Related: Costco May Start Requiring Members to Scan ID to Enter U.S. Warehouses

In January, a Costco in Issaquah, Washington went further than ever to enforce a member-only space, by asking members to scan their cards before entering the warehouse.

Costco Kirkland Signature $1.50 hot dog and soda combo, which has maintained the same price since 1985 despite consumer price increases and inflation, at the food court outside a Costco Wholesale Corp. store on June 14, 2022 in Hawthorne, California. Photo by Patrick T. FALLON / AFP

According to Costco’s earnings report from fiscal year 2023, memberships generated $4.58 billion in profit, which is 73% of Costco’s net profit of $6.29 billion.

Statista data shows that the 2023 figure was an increase from the $4.22 billion generated by Costco memberships in 2022 and the $3.88 billion that memberships brought in for the company in 2021.

See also  How to Create a Facebook Marketing Strategy: The 14 Best Strategies

Costco memberships start at $60 per year for a Gold Star or business membership and go up to $120 annually for an executive membership. Costco has not raised the cost of memberships for 7 years, since 2017.

Related: Costco CFO Reveals Uncertain Fate of $1.50 Hot Dog and Soda Combo



Source link

Latest articles

In a Trump-dominated Washington, new arrivals in the House try to emerge

Lateefah Simon is a widowed mom who is taking a new job, moving...

Baby Carrots Could Improve Your Heart Health and Immune Function, Recent Research Shows

Baby carrots are a quick and easy way to add more nutrients...

Rita Ora Gives Heartfelt Tribute to Liam Payne at 2024 MTV EMAs

Rita Ora paid tribute to Liam Payne, the One Direction member who died on...

More like this

In a Trump-dominated Washington, new arrivals in the House try to emerge

Lateefah Simon is a widowed mom who is taking a new job, moving...

Baby Carrots Could Improve Your Heart Health and Immune Function, Recent Research Shows

Baby carrots are a quick and easy way to add more nutrients...