Costco Raises Membership Fees for First Time in 7 Years

Key TakeawaysCostco said it will raise its membership fees for the first time in seven years, sending the retailer's stock higher in extended trading Wednesday. Costco's "Gold Star" and business membership fees in the U.S. and Canada will rise $5 to $65, while executive membership fees will rise $10 to $130.The higher fees will go into effect from Sept. 1., and are expected to boost Costco's revenue.Costco reported net sales for the month of June surged 7.4% from a year ago to $24.48 billion. Costco (COST) ...