Costo says it won’t increase the cost of its memberships in 2024, reports the Mexico City daily newspaper El Universal. The members-only big-box warehouse club has 40 outlets in Mexico and 861 locations worldwide. As of 2023, Costo was the third-largest retailer worldwide.
Popular Mexico Destination
More than 95% of members renew each year in Mexico. The wholesale club also sells gasoline and vacation packages and customers purchase cakes at a discount and resell them at a profit, with some telling Bloomberg news they can make a profit of US$1700 in just a few days. Mexico is the only nation in Latin America with Costco stores. The company has four in Spain.
Monitor news of your brand
Stay on top of news coverage of your brand, markets and competitors in Latin America with expert media monitoring from Latin Media Monitor. Our media monitoring processes include monitoring of radio and television and metrics to measure your audience size and equivalent advertising coverage for each news article containing your brand name.
Speak with our CEO Mark A. Browne today at +1 617 524 8600 or visit our LinkedIn page.
