Costco's first membership fee increase in 7 years now in effect

Costco’s plan to raise the price of its membership for the first time in seven years took effect Sunday. The wholesale club increased annual membership fees by $5 and $10 in the U.S. and Canada, with "gold star" and business memberships up from $60 to $65, and executive memberships increasing to $130 from the earlier $120, the company said.The cost increase will impact around 52 million memberships, a little more than half of which are the club’s executive members, Costco said i