Sam’s Club: announced on Wednesday that it will increase its yearly

Sam's Club, which is owned by Walmart, announced on Wednesday that it will increase its yearly fees

By: MPK Team Image Source: NBC

this fall as the warehouse club's membership continues to remain at a record high and consumers

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scrimping for discounts on bulk purchases. Club members' dues will rise from $45 to $50, while "Plus" members,

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who have access to more benefits, would pay $110 rather than $100. The modifications go into effect

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on October 17. It is the first fee increase for the basic membership in nine years. Since its introduction

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in 1999, Sam's Club has not increased the cost of the "Plus" membership. Sam's is now more competitively

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priced with Costco, which charges $120 for its premium "Gold" membership and $60 for its entry-level "Basic"

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membership. As warehouse clubs profit from clients who are cost-conscious, Sam's Club is raising

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annual fees. During the early stages of the Covid epidemic, customers flocked to Costco, BJ's Wholesale,

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and Sam's Club to stock up on enormous packs of toilet paper, home cleansers, and soup cans.

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