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Sam’s Club raises annual membership fee for the first time in nine years

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Walmart-owned Sam’s Club said Wednesday it will raise its annual fees this fall, as the warehouse club’s membership hovers at a record high and inflation-pinched shoppers seek deals on bulk items.

Fees will increase to $50 from $45 for club members and to $110 from $100 for members of its higher-tier level, “Plus,” which includes some additional perks. The changes take effect on Oct. 17.

It marks the first fee hike in nine years for the entry-level membership. Sam’s Club has not raised the price of the “Plus” membership since it debuted in 1999.

That brings Sam’s closer in price to rival Costco, which charges $60 a year for its basic membership and $120 for its higher-tier “Gold” membership.

For more, read the full NBC News article.

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Sourabh Verma franklin
Sourabh Verma,From Franklin Tn - Sub-editor in Asian News International(ANI) I am a detailed-driven journalist with 3+ years of experience in news writing and copy-editing, I can file quick, compelling and error-free stories as they break. I have sound knowledge of national and international issues and have covered stories across beats, including politics, parliament, legal and crime like drugs and Human Trafficking at Asian News International (ANI), where I currently work. Some of these include extensive coverage of the 2019 Lok Sabha polls, several state Assembly elections, Parliament sessions, COVID-19 pandemic and other stories of national importance. A typical working day involves copy-editing dozens of drafts, managing junior sub-editors in shifts and keeping an eye on developing stories. This added responsibility followed a couple of years of filing stories based on press briefings, bytes and inputs from reporters on the ground.
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