Costco building 1st stand-alone gas station
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The Costco food court has always been a popular spot for shoppers to grab a quick bite, and the affordable prices are also appealing to members. Costco is also a common spot for members to fill up their cars with gas, especially because of the cheaper prices in comparison to most other gas stations in California.
Executive Members make up 73% of Costco's sales despite representing only 37.6 million of the company's 79.6 million memberships, according to Costco data. The cheaper Gold Star membership costs $65 per year. Costco raised the price of its Executive and Gold Star memberships last year.
Costco is thanking some of its customers for their loyalty with a new perk. Unfortunately, the perk will not apply to all customers, but only customers who pay for the highest-level membership.
Costco reached a major milestone in April by recording two of the highest gasoline sales weeks in its U.S. history, according to CEO Ron Vachris. This
Mission Viejo, California approves Costco's first-ever standalone gas station with 40 pumps replacing a former a Bed, Bath and Beyond store.