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Stock impact report

How Costco's membership fees are key to keeping the wholesale club profitable [Business Insider]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Costco is the world's third-largest retailer by sales, but that's not the main way it makes money. Most of the company's profits actually come from membership fees. The club model means Costco has more in common with Netflix than it does with Walmart. It's no secret that people buy a staggering amount of stuff at Costco The wholesale club saw net sales of nearly $270 billion last fiscal year, and shoppers can't get enough of the chain. With this rising popularity has come a tighter enforcement of Costco's membership policy, with new scanners at the front door and ID checks at self-checkout. However, there's a reason the company started cracking down on freeloaders , similar to Netflix. Despite selling billions of dollars' worth of merchandise, Costco generally doesn't profit from those sales as much as typical retailers like Walmart o Show less Read more
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