Costco is the latest company to announce a crackdown on membership rules to help improve its bottom line.
The retailer said it was not changing any membership rules. Instead, it will start to crackdown on the enforcement of current rules.
"Those Costco memberships equal revenue and profit for Costco the retailer, so when that membership gets shared, Costco ends up losing money and losing profits," retail analyst Hitha Herzog said. However, some shoppers were able to borrow someone else's membership card and use the self checkout counter to purchase items without getting caught.The retail giant released the following statement about the situation:
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