Sam's Club memberships increase for the first time in nearly a decade
is upping its membership fees Monday for the first time in nearly a decade.
The increases come after the warehouse club said it "invested in technology to improve the shopping experience" by upgrading all 600 clubs, created a new rewards program called Sam's Cash and added new brands to the store. . As a result, the company will give customers who renew their membership a credit equal to the increase for this year only.
The fee increases hit at a time when the Walmart-owned membership club alongside competitors BJ's Wholesale Club and Costco have seen an increase in foot traffic even with inflation.
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