Costco is cracking down on membership moochers

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Costco is cracking down on membership moochers

CNN Business08-08

CNN — Costco knows you’re using your friend’s membership card. To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to ...

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N00b
·08-08
Great to know COST is actively protecting shareholder interests.
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To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to ...</p>\n\n<a href=\"https://edition.cnn.com/2024/08/07/business/costco-membership-card-crackdown/index.html\">Source Link</a>\n\n</div>\n","source":"cnn_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Costco is cracking down on membership moochers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCostco is cracking down on membership moochers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-08 06:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2024/08/07/business/costco-membership-card-crackdown/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CNN\n         — \n    \n\n\n            Costco knows you’re using your friend’s membership card. To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to ...</p>\n\n<a href=\"https://edition.cnn.com/2024/08/07/business/costco-membership-card-crackdown/index.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0820561818.USD","symbol_name":"安联收益及增长平衡基金Cl AM DIS","start_time":0,"source_url":"https://edition.cnn.com/2024/08/07/business/costco-membership-card-crackdown/index.html","article_id":"2457098208","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457098208","pubTimestamp":1723069100,"sourceInfo":{"source_id":"cnn_highlight","name":"CNN Business"},"weMediaInfo":null,"summary":"Costco knows you’re using your friend’s membership card. 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To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to catch membership moochers before they even get in the door.\n    \n\n            The retailer is implementing stricter policies and cracking down on non-members using other people’s cards by requiring shoppers to scan their membership cards to enter stores.\n    \n\n            “Over the coming months, membership scanning devices will be used at the entrance door of your local warehouse,” Costco said in a statement online. “Once deployed, prior to entering, all members must scan their physical or digital membership card by placing the barcode or QR Code against the scanner.”\n    \n\n            For members with cards that don’t have a photo, Costco says to come prepared with a valid photo ID but encourages shoppers to visit the membership counter and have their photo taken.\n    \n\n            Costco’s new rule also requires guests to be accompanied by a valid cardholder to enter its stores, making it more difficult for non-members to sneak in using cards that don’t belong to them.\n    \n\n            Costco did not immediately respond to a request for comment.\n    \n\n            The move comes as an extension of the system Costco tested out at some stores earlier this year, which required members to scan their cards at machines placed near the store entrance – instead of just flashing a card to employees.\n    \n\nSelf-checkout machines were also affected by Costco’s crackdown. Last year, the company began requiring shoppers to present their membership card and a photo ID to use the registers.\n    \n\n            “We don’t feel it’s right that nonmembers receive the same benefits and pricing as our members,” Costco said in a statement last year.\n    \n\n            Costco’s crackdown on non-members comes after the company announced last month that it was raising its membership fees by $5 to $65 in the US and Canada – the first time since 2017. The change goes into effect on September 1.\n    \n\n            The bulk of Costco’s profits come from annual fees. It reported last year that it earned $4.6 billion in revenue from membership fees, an 8% increase from 2022.\n    \n\nCNN’s Elisabeth Buchwald, Samantha Delouya and Nathaniel Meyersohn contributed reporting.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"Policy And Regulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":336039633887456,"gmtCreate":1723077015833,"gmtModify":1723077020084,"author":{"id":"4102702385674620","authorId":"4102702385674620","name":"N00b","avatar":"https://community-static.tradeup.com/news/2fff337dda34fd1714aa113e5b234fc9","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4102702385674620","authorIdStr":"4102702385674620"},"htmlText":"Great to know COST is actively protecting shareholder interests.","listText":"Great to know COST is actively protecting shareholder interests.","text":"Great to know COST is actively protecting shareholder interests.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/336039633887456","repostId":2457098208,"repostType":2,"repost":{"id":"2457098208","kind":"highlight","pubTimestamp":1723069100,"share":"https://ttm.financial/m/news/2457098208?lang=&edition=fundamental","pubTime":"2024-08-08 06:18","market":"hk","language":"en","title":"Costco is cracking down on membership moochers","url":"https://stock-news.laohu8.com/highlight/detail?id=2457098208","media":"CNN Business","summary":"Costco knows you’re using your friend’s membership card. To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to catch membership moochers before they even get in the door.The retailer is implementing stricter policies and cracking down on non-members using other people’s cards by requiring shoppers to scan their membership cards to enter stores.“Over the coming months, membership scanning devices will be used at the entrance door of your local warehouse,” Costco said in a statement online. “Once deployed, prior to entering, all members must scan their physical or digital membership card by placing the barcode or QR Code against the scanner.”For members with cards that don’t have a photo, Costco says to come prepared with a valid photo ID but encourages shoppers to visit the membership counter and have their photo taken.CNN’s Elisabeth Buchwald, Samantha Delouya and Nathaniel Meyersohn contributed reporting.","content":"<html><body><div itemprop=\"articleBody\">\n<div>\n<cite>\n<span></span>\n<span>CNN</span>\n         — \n    </cite>\n</div>\n<p>\n            Costco knows you’re using your friend’s membership card. To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to catch membership moochers before they even get in the door.\n    </p>\n<p>\n            The retailer is implementing stricter policies and cracking down on non-members using other people’s cards<strong> </strong>by requiring shoppers to scan their membership cards to enter stores.\n    </p>\n<p>\n            “Over the coming months, membership scanning devices will be used at the entrance door of your local warehouse,” Costco said in a statement online. “Once deployed, prior to entering, all members must scan their physical or digital membership card by placing the barcode or QR Code against the scanner.”\n    </p>\n<p>\n            For members with cards that don’t have a photo, Costco says to come prepared with a valid photo ID but encourages shoppers to visit the membership counter and have their photo taken.\n    </p>\n<p>\n            Costco’s new rule also requires guests to be accompanied by a valid cardholder to enter its stores, making it more difficult for non-members to sneak in using cards that don’t belong to them.\n    </p>\n<p>\n            Costco did not immediately respond to a request for comment.\n    </p>\n<p>\n            The move comes as an extension of the system Costco tested out at some stores earlier this year, which required members to scan their cards at machines placed near the store entrance – instead of just flashing a<strong> </strong>card to employees.\n    </p>\n<p>\nSelf-checkout machines were also affected by Costco’s crackdown. Last year, the company began requiring shoppers to present their membership card and a photo ID to use the registers.\n    </p>\n<p>\n            “We don’t feel it’s right that nonmembers receive the same benefits and pricing as our members,” Costco said in a statement last year.\n    </p>\n<p>\n            Costco’s crackdown on non-members comes after the company announced last month that it was raising its membership fees by $5 to $65 in the US and Canada – the first time since 2017. The change goes into effect on September 1.\n    </p>\n<p>\n            The bulk of Costco’s profits come from annual fees. It reported last year that it earned $4.6 billion in revenue from membership fees, an 8% increase from 2022.\n    </p>\n<p>\n<em>CNN’s Elisabeth Buchwald, Samantha Delouya and Nathaniel Meyersohn contributed reporting.</em>\n</p>\n</div></body></html>","source":"cnn_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Costco is cracking down on membership moochers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCostco is cracking down on membership moochers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-08 06:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2024/08/07/business/costco-membership-card-crackdown/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CNN\n         — \n    \n\n\n            Costco knows you’re using your friend’s membership card. To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to ...</p>\n\n<a href=\"https://edition.cnn.com/2024/08/07/business/costco-membership-card-crackdown/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","COST":"好市多","LU2360106947.USD":"BGF NUTRITION \"A4\" (USD) INC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0385154629.USD":"贝莱德营养科学基金A2","LU0079474960.USD":"联博美国增长基金A","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU0471298777.SGD":"Blackrock Nutrition A2 SGD-H","BK4588":"碎股","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","BK4550":"红杉资本持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0471298694.HKD":"BGF NUTRITION \"A2\" (HKD) ACC","BK4155":"大卖场与超市","BK4581":"高盛持仓","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4504":"桥水持仓","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC"},"source_url":"https://edition.cnn.com/2024/08/07/business/costco-membership-card-crackdown/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2457098208","content_text":"CNN\n         — \n    \n\n\n            Costco knows you’re using your friend’s membership card. To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to catch membership moochers before they even get in the door.\n    \n\n            The retailer is implementing stricter policies and cracking down on non-members using other people’s cards by requiring shoppers to scan their membership cards to enter stores.\n    \n\n            “Over the coming months, membership scanning devices will be used at the entrance door of your local warehouse,” Costco said in a statement online. “Once deployed, prior to entering, all members must scan their physical or digital membership card by placing the barcode or QR Code against the scanner.”\n    \n\n            For members with cards that don’t have a photo, Costco says to come prepared with a valid photo ID but encourages shoppers to visit the membership counter and have their photo taken.\n    \n\n            Costco’s new rule also requires guests to be accompanied by a valid cardholder to enter its stores, making it more difficult for non-members to sneak in using cards that don’t belong to them.\n    \n\n            Costco did not immediately respond to a request for comment.\n    \n\n            The move comes as an extension of the system Costco tested out at some stores earlier this year, which required members to scan their cards at machines placed near the store entrance – instead of just flashing a card to employees.\n    \n\nSelf-checkout machines were also affected by Costco’s crackdown. Last year, the company began requiring shoppers to present their membership card and a photo ID to use the registers.\n    \n\n            “We don’t feel it’s right that nonmembers receive the same benefits and pricing as our members,” Costco said in a statement last year.\n    \n\n            Costco’s crackdown on non-members comes after the company announced last month that it was raising its membership fees by $5 to $65 in the US and Canada – the first time since 2017. The change goes into effect on September 1.\n    \n\n            The bulk of Costco’s profits come from annual fees. It reported last year that it earned $4.6 billion in revenue from membership fees, an 8% increase from 2022.\n    \n\nCNN’s Elisabeth Buchwald, Samantha Delouya and Nathaniel Meyersohn contributed reporting.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}