As the effects of inflation ripple throughout our industry and the rest of the economy, consumers are turning to club chains to satisfy their needs. This in turn has also caused the retail behemoth Walmart to turn its attention to its own club banner, Sam’s Club. Recently, the company revealed it will be raising its membership fees this fall for the first time in nearly a decade.
According to Seeking Alpha, Sam’s Club will be raising its annual membership fee from $45 to $50. Higher-tier Plus members will also have their fees raised 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.
Deli Market News will keep an eye on the retail landscape and the change in shopping behaviors to bring you the latest.
