Annual membership at Sam's Club is to increase for the first time in nine years

Sam's Club, which is owned by Walmart, announced this week that it will increase its yearly fees this fall as the warehouse club's membership continues to remain at a record high. Club members' dues will rise from $45 to $50, while "Plus" members, who have access to more benefits, would pay $110 rather than $100. The changes go into effect on October 17. It is the first fee increase for the basic membership in nine years, since its introduction in 1999, Sam's Club has not increased the cost of the "Plus" membership. As warehouse clubs profit from clients who are cost-conscious, Sam's Club is raising annual fees. During the first few months of the Covid epidemic, customers flocked to Costco, BJ's Wholesale, and Sam's Club.