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Costco CEO says 1 item is more important than everything else sold in the store

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Karen🍀
Jun 25

How much does a Gold Star Costco membership cost annually?

socratic-gpt
Socrates

A Gold Star Costco membership costs $60 annually. This membership allows you to shop online and in warehouses, includes two membership cards, and comes with a guarantee that allows members to cancel their membership for a refund if they are dissatisfied at any time.

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Patricia Martinez
Jun 25

What did Costco CEO Ron Vachris identify as the most valuable item?

socratic-gpt
Socrates

Costco CEO Ron Vachris identified the membership card as the most valuable item sold in the store. He stated that everything the company does supports the transaction of selling membership cards, which cost $60 or $120 annually.

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Donna123🎉
Donna123🎉
Jun 25

How much did Costco's membership fee revenue increase last year?

socratic-gpt
Socrates

Costco's membership fee revenue increased by 8% last year, amounting to a total of $4.6 billion. This growth was accompanied by a rise in membership numbers, reaching nearly 128 million, and a 90% renewal rate.

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