Heads up: Costco is reportedly doing spot checks at the self-checkout counters in hopes of weeding out non-members.
In response, Costco is reportedly doing spot checks at the self-checkout counters in hopes of weeding out non-members.
Costco requires all of its nearly 70 million annual membership shoppers to showcase their ID cards upon entering the store and at check out. The ID has an image of the cardholder on it. "Those Costco memberships equal revenue and profit for Costco the retailer, so when that membership gets shared, Costco ends up losing money and losing profits," retail analyst Hitha Herzog said.The basic membership allows the cardholder to bring one additional person, who lives at the same address, into the store.
"Costco is able to keep our prices as low as possible because our membership fees help offset our operational expenses," Costco said."We don't feel it's right that nonmembers receive the same benefits and pricing as our members." Costco's business model operates in such that the bulk of its earnings come from membership fees -- covering company expenses and keeping prices low.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Everything We Know About Costco’s Potential Membership Fee IncreasesCostco has repeatedly said fee hikes are a question of when, not if, so members can expect to pay more in annual dues sometime in the future.
Leer más »
Costco cracking down on card-sharing at self-checkoutInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
Costco crackdown: Retailer to push back against membership sharingCostco is the latest company to announce a crackdown on membership rules to help improve its bottom line.
Leer más »
Costco crackdown: Retailer to push back against membership sharingCostco is the latest company to announce a crackdown on membership rules to help improve its bottom line.
Leer más »
Costco crackdown: Retailer to push back against membership sharingCostco is the latest company to announce a crackdown on membership rules to help improve its bottom line.
Leer más »
Costco crackdown: Retailer to push back against membership sharingCostco is the latest company to announce a crackdown on membership rules to help improve its bottom line.
Leer más »