Costco's new hours start Monday. What to know about changes.
Costco's earlier opening hours for executive members start Monday at wholesale clubs across the country.
Why it matters: The move comes nearly a year after Costco raised membership fees for the first time since 2017.
It mirrors a tactic from rival Sam's Club, which has long offered exclusive hours and extra perks to its premium-tier members.
The big picture: The early access perk is a way to add value to the membership club's top tier and potentially increase the ranks of executive members who make up a higher percentage of sales.
Executive members make up more than 47% of Costco's paid memberships but represent 73.1% of sales globally, Costco CFO Gary Millerchip said on a May 29 earnings call.
Members can upgrade to an executive membership at a prorated fee that varies based on how many months remain in their membership, Costco explains on its website.
Flashback: Costco previously had early hours for executive members and during the pandemic opened early some days for seniors and members with disabilities.
Costco executive member hours, new benefits
Zoom in: The new executive member benefits start Monday, June 30, Costco said.
Warehouses will open at 9am daily exclusively for executive members.
Membership card scanners at club entrances identify which membership level a member has.
Costco said in a comment on a Facebook post that warehouse departments like the pharmacy and food court will participate in the new hours except on Sundays when pharmacies are closed.
Other new benefits for executive members are a $10 monthly credit on same-day or Costco via Instacart orders of $150 or more and additional value on Costco services like its auto program.
New Costco hours at clubs nationwide
The following are Costco's new early shopping hours:
Monday to Friday: 9am to 10am
Saturday: 9am to 9:30am
Sunday: 9am to 10am
Clubs will open at 10am weekdays and Sundays for all members and 9:30am on Saturdays.
Locations that had been open at 9am for all members will also make a change.
"Our U.S. locations that currently open at 9 am, will transition June 30th to limiting access to Executive Members only during the times outlined," Costco said in a comment on its Instagram post.
Yes, but: Some shoppers have said on Reddit and social media they've spotted signs at clubs already opening at 9am that note "a grace period for Gold Star and Business members will be in effect through August 31."
Costco didn't immediately respond to Axios' request for comment about how many clubs will have the grace period.
Costco Saturday hours extended
Between the lines: Costco U.S. warehouses will stay open one extra hour on Saturdays for all member.
Clubs will close at 7pm on Saturdays.
Costco membership cost
Zoom out: Costco increased membership fees for both Gold Star and Executive tiers by $5 and $10 respectively, effective Sept. 1, 2024
Gold Star and business membership fees are $65, up from $60.
Executive membership fees are double the basic membership's price but members earn a 2% reward on eligible purchases. The $130 annual fee is up from $120.
Costco gas station hours 2025
Costco extended gas station hours in February, keeping them open beyond clubs.
Gas stations were closing at many locations at 9pm weekdays and 7pm on weekends.
Extended gas station hours are:
Monday-Friday: 6am to 10pm
Saturday: 6am to 8:30pm
Sunday: 6am to 7:30pm
Hours may vary in California and Hawaii, Costco said.
Costco closed July 4th
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