84 Million Members Worldwide
A Costco membership opens doors, quite literally, to a vast selection of bulk-size groceries and household goods selling at discounted prices. But buying potato chips and toilet paper by the case is just the start. The warehouse club also stocks everything from tires and furniture to electronics and jewelry. With so many items to choose from, Trae Bodge, a consumer expert who specializes in smart shopping strategies, says it’s critical to shop Costco with a list to avoid overspending.
List or no list, shoppers seem to like the savings and selection. Costco boasts 84 million card-carrying members worldwide, and the worldwide membership renewal rate is 88% (91% in the U.S. and Canada). The chain ranks first in customer satisfaction among specialty retailers, according to the American Customer Satisfaction Index, comfortably ahead of rivals Sam’s Club and BJ’s Wholesale.
Thinking of taking the Costco plunge? Click ahead to find out what you should know before investing $55 in an annual membership.