Costco’s ability to provide shoppers with bulk items at a discounted price sets it apart from most other stores, which is probably how it’s developed such a loyal fanbase. Even as the store has been forced to adapt to challenging times—whether that means purchase limits on certain items or ending popular programs—it has managed to retain a steady flow of members. Now, Costco is rewarding those same customers with an urgent warning about something that could be putting them in danger. Read on to find out what the retailer is alerting you to now.
READ THIS NEXT: Costco Will No Longer Let You Do This in Stores.
Whether you shop at Costco or not, you’re likely feeling the heat of these economic times. Robert Nelson, the senior vice president for investor relations and treasury at Costco, recently warned that inflation is continuing to rise, with the estimated price inflation now being in the 7 percent range. Even a retailer as big as Costco has had to adapt. According to Nelson, this has forced the company to reluctantly increase the prices for some of its food products recently, including muffins and croissants. “As you know, we’re not the first one to go up when we have higher costs,” he said.
Now, Costco is sending out a warning that’s about protecting its shoppers’ wallets.
You might shop at Costco for bargains, but your bank account could be in danger if…
