Monroe County, New York – For me and many other local residents, Costco is the first choice when it comes to wholesale shopping and saving money. Americans are looking to save whenever and wherever they can nowadays amid high inflation and prices, and stores like Costco, Dollar General, and Dollar Tree are becoming increasingly popular among the vast majority of low- and middle-income families.
Costco is a membership-based warehouse club that offers a wide variety of products, including groceries, electronics, furniture, and home appliances. Costco is currently one of the largest retailers in the world, with more than 700 locations around the world. In Rochester, Costco operates one store located at 335 Westfall Road, and the store is most certainly one of the most popular in the area.
One of the main draws of Costco is its low prices, which are made possible by the company’s bulk purchasing power and its business model of only carrying a limited selection of each product. In addition to its low prices, Costco is known for its strong commitment to customer service and satisfaction. In order to be eligible to shop at Costco, you should have a Costco membership card, and according to USA TODAY, membership fees will soon go up.
Costco offers two membership options for clients. The basic membership costs $60 per year, while the Executive tier membership costs $120. Costco last increased the membership fees in 2017 when the basic fee went up $5 from $55 and the Executive fee went up $10 from $110. Since then, membership fees have been flat, but that is likely to change soon.
“It’s a question of when, not if,” Costco CFO Richard Galanti recently told CNBC. “There’s no analytical framework we use other than we feel very good about our member loyalty and our strength. And if we wanted to do it yesterday, we could. If we want to do it six months from now, we can. So, we’ll wait and see.”
The $60 standard Gold Star membership grants members access to all Costco locations worldwide, and comes with an extra card for another member of your household. The Executive Membership, meanwhile, gets you 2% rewards on Costco purchases, as well as additional benefits on certain products.
Costco customers are among the most loyal in America as the company recently confirmed that more than 90% of its regular customers renew their annual membership every year.
Costco in Rochester will be open from 8:30am – 5:00pm on Christmas Eve, but the store will be closed on Christmas Day. The store will be open from 8:30am – 6:00pm on New Year’s Eve and will be closed on New Year’s Day, according to Costco’s website.