Good News: Costco Is Cutting Prices on Popular Kirkland Items
No matter where you do your grocery shopping, you’ve likely noticed prices creeping up over the past few years. Inflation affects all of useven Costco shoppers have faced price hikes. In September, the wholesale club increased its annual membership fees for the first time in seven years. To shop at the big-box store, you’ll have to fork over an extra $5 to $10 a year, depending on your Costco membership type.Ready for some good news? Not all changes mean higher prices. Case in point: Costco’s latest price cuts. The changes could ultimately mean bigger savings on all of your favorite Costco products. So keep reading to find out why Costco is cutting prices and which items are affected.GetReaders DigestsRead Up newsletter for more shopping news, humor, travel, tech and fun facts all week long.Which products did Costco slash prices on?In a quarterly earnings call at the end of September, Costco’s chief financial officer, Gary Millerchip, announced price drops on several Kirkland Signature brand products.The next time you shop at Costco, expect price cuts on must-buy Costco items including:Kirkland Signature Standard Foil: Reduced from $31.99 to $29.99Kirkland Signature Macadamia Nuts: Reduced from $18.99 to $13.99Kirkland Signature Spanish Olive Oil, 3-liter bottle: Reduced from $38.99 to $34.99Kirkland Signature Baguette, 2-pack: Reduced from $5.99 to $4.99Kirkland Signature Laundry Packs: Reduced from $19.99 to $18.99Why is Costco dropping prices on popular Kirkland items?All it takes is one trip to the grocery store to see how much inflation has driven up prices in recent years, but Costco is determined to do what it can to save shoppers money. “Our goal is always to be the first to lower prices where we see the opportunities to do so,” Millerchip said.All of Costco’s Kirkland Signature products are produced in-house, which means the brand has complete control over its pricing. But how exactly is Costco able to lower prices? The wholesale club has gotten creative. For example, it switched the packaging of its Kirkland Signature Laundry Packs from a rigid plastic tub to a pouch, saving money during productionsavings that it passes on to Costco shoppers.Another reason the company is quick to drop prices is that lower prices lead members to do more shopping, and that’s good for Costco. For example, Costco dropped the price of its Kirkland Signature Boneless Chicken Tenders by 13% and reaped a 21% increase in sales.Are Kirkland products worth buying?Kirkland Signature products are undeniably beloved by Costco members. In fact, the popularity of the Kirkland Signature brand has continued to grow at a faster pace than Costco itself. Why? The value is truly unmatched. Even professional chefs stock up at Costco, and there are quite a few Kirkland Signature items on their go-to shopping lists.Even if Costco membership costs are on the rise, these price drops on Kirkland Signature items offer enough savings to make up the differenceand then some.Why trust usAt Reader’s Digest, we’re committed to producing high-quality content by writers with expertise and experience in their field in consultation with relevant, qualified experts. We rely on reputable primary sources, including government and professional organizations and academic institutions as well as our writers’ personal experiences where appropriate. We verify all facts and data, back them with credible sourcing and revisit them over time to ensure they remain accurate and up to date. Read more about our team, our contributors and our editorial policies.Source:Seeking Alpha: “Costco Wholesale Corporation (COST) Q4 2024 Earnings Call Transcript”Tips from Frequent Costco ShoppersSecrets of Costcos Free SamplesThings You Can Buy Only at CostcoThe post Good News: Costco Is Cutting Prices on Popular Kirkland Items appeared first on Reader's Digest.
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings