Costco Taiwan today said it would raise its membership fees for the first time in 10 years, with the changes taking effect on April 1.
The annual cost of Gold Star membership in Taiwan is to increase from NT$1,350 to NT$1,500, Business membership from NT$1,150 to NT$1,500, and Business Add-on membership from NT$900 to NT$1,500, the company said.
Photo: Wu Hsin-tien, Taipei Times
Executive membership fees would remain unchanged, and exclusive services and rebates of up to NT$30,000 — the highest in Asia and the second-highest globally — would be maintained, Costco said.
Each Business Add-on membership would continue to include one free household card, allowing entry for one cardholder and two accompanying persons, the US big-box retailer said.
Costco Taiwan said it last adjusted its membership fees in 2016 and has since invested in logistics improvements and professional service centers, such as hearing and optical centers, as well as gas stations.
The company said it would continue to expand its promotions during periods such as Singles' Day and Black Friday and strengthen the price advantage of its Kirkland Signature private label.
Costco operates 14 warehouse stores in Taiwan, its Web site says.
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