Reported 8 months ago
On June 18, 2024, Costco in Taiwan publicly announced benefits for upgrading to their Black Diamond Card, offering two $400 store coupons upon upgrade. The company responded to earlier reports by foreign media speculating that the membership fee might increase this year, stating they have not heard of any such plans internally and currently have no intention to adjust the fee. Costco in Taiwan emphasized their commitment to introducing international products, providing diverse and high-quality shopping experiences for members. Despite predictions of potential price increases for Costco's private label products like olive oil and gasoline, the company clarified that prices are influenced by international trends. Additionally, Costco revealed strong financial performance with increased revenue and profits, driven by consumer purchasing behavior and growth in non-essential product categories like toys, beauty, health care, and gardening. The article also mentions Costco's discounted gasoline prices compared to state-owned oil companies and no plans for price adjustments. Current annual fees for Costco memberships in Taiwan are NT$1,350 for Gold Star and NT$1,150 for Business members, while the Black Card membership fees are both NT$3,000.
Source: YAHOO