Evolution Of eCommerce And Memberships

By  |  April 7, 2021
 | 
Costco Membership

Analysts and other industry observers have started to speculate about the timing of another Costco membership fee increase, although the firm has said nothing recently about future fee hikes. In digital retail, Backflip’s newly launched reCommerce platform seeks to simplify the process of turning unused phones and other electronics into cash. And in grocery, GreenDropShip is rolling out an eCommerce app for Shopify. All this, Today in Data.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Data:

    2017: The year that Costco last increased its membership fee.

    $160B: Costco’s minimum total revenue for the 52 weeks ending Aug. 30, 2020.

    130: Number of different types of gadgets that Backflip accepts.

    63.9%: Share of consumers who make at least one of their routine grocery purchases online.

    Advertisement: Scroll to Continue

    $60: Annual fee for Costco’s Gold Star membership.


    Recommended

    Unboxing Gifts for the Pet Who Tolerates You

    Unboxing Gifts for the Pet Who Tolerates You

    Senate Bill Aims to Gather Data About AI’s Impact on Workforce

    Dozens of Apple Employees Have Moved to OpenAI and Meta in Recent Months

    credit cards consumer credit

    Consumers Added to Card Balances Ahead of Holiday Shopping

    See More In: , , , , ,