BENTONVILLE, AR - The club space is becoming increasingly more competitive, and Walmart has tapped its own club banner to make some changes to its program. For the first time in nearly a decade, Sam’s Club will be raising its membership fees this fall.
According to Seeking Alpha, Sam’s Club will be raising its annual membership fee from $45 to $50, while it raises fees for its higher-tier Plus members from $100 to $110. These changes will go into effect as of October 17, 2022.
Because the increases were only raised by $5 and $10, we suspect that Sam’s Club will not lose many members, if any, as a result of this change. In comparison to membership fees charged by some other club grocers, this is still more affordable for shoppers.
The news source noted that this price increase has been anticipated for several months, which has likely already been included in trading forecasts.
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