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