Costco membership fees to increase

COEUR d'ALENE — The cost to shop at Costco is going up. A little.

The company said Wednesday that effective Sept. 1, it will increase annual membership fees by $5 for U.S. and Canada Gold Star (individual), Business, and Business add-on members to $65. 

Annual fees for Executive Memberships in the U.S. and Canada will increase from $120 to $130, and the maximum annual 2% Reward associated with the Executive Membership will increase from $1,000 to $1,250. 

The fee increases will impact around 52 million memberships.

Costco, which has a store in Coeur d'Alene, reported net sales of $24.48 billion for the retail month of June, the five weeks ended July 7, an increase of 7.4% from $22.78 billion last year.

Net sales for the first 44 weeks were $210.55 billion, an increase of 6.9% from $196.93 billion last year.

The company also said its board of directors has declared a quarterly cash dividend on Costco common stock of $1.16 per share.