Is the annual membership fee at Sam's Club increased for the first time in nine years?

[{"selector":"#anim-9eb6ad29-b66c-41ab-90ec-35fbf50ef438 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-35.830441029323026%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c7813d02-a81c-4f38-9f52-506cc7c82107","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79de7658-5937-4a16-a528-cdb80a113412","keyframes":{"transform":["translate3d(0px, 118.80072%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Walmart-owned Sam's Club announced on Wednesday that it would be raising its annual dues.

[{"selector":"#anim-8c59591a-699d-4b99-a472-53239d1fa452 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.29618215251581%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-69e2e1e5-5af4-4f7c-9874-2317ba20b578","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e21ce96e-055e-452a-a906-d70e61dcfc9a","keyframes":{"transform":["translate3d(0px, 129.75990%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The warehouse club's membership is still at a record high this fall, and shoppers are scrounging for deals on large purchases.

[{"selector":"#anim-d41f328a-bad4-40cd-9bb1-f5e6cf6a0e31 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.29618215251581%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-71d0ccf3-43d3-4b32-a16c-66657e913b83","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d797a554-b912-4857-b128-2f6fc92ab06e","keyframes":{"transform":["translate3d(0px, 128.66479%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Dues for club members will increase from $45 to $50, and "Plus" members, who receive additional benefits, will pay $110 as opposed to $100. The changes take effect on October 17.

[{"selector":"#anim-7295f564-4947-4f51-be10-8791f26cb614 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-22.004608125055924%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-30abc50d-e800-4ba9-9186-18611540bc0d","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f4b9364f-8cd7-4ee4-914f-763837774d86","keyframes":{"transform":["translate3d(0px, 125.62855%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The basic membership fee hasn't increased in nine years, making this the first time.

[{"selector":"#anim-ea068564-edcd-4aad-a5de-0f06f9459be9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.29618215251581%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cb84cd4b-f078-405e-a794-4f8f73d2f339","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-637c22ec-14e8-49f2-9763-0af3b435bf7e","keyframes":{"transform":["translate3d(0px, 151.82702%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The price of the "Plus" membership has not increased at Sam's Club since it was introduced in 1999.

[{"selector":"#anim-c838b948-65b7-45b8-a9fe-06b01415f60b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.29618215251581%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f74a78fa-9bdd-4a09-afa0-e97bc468e53d","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a03a84d-a8f7-4025-b067-516911e4119d","keyframes":{"transform":["translate3d(0px, 143.43433%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

With Costco charging $120 for its top-tier "Gold" membership and $60 for its entry-level "Basic" membership, Sam's is now more reasonably priced.

[{"selector":"#anim-dbbfad66-50f2-4964-931d-7b238a62255e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(26.7619232757086%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-02ab073a-152e-4d58-b6d0-0e286e3434ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f7ba321-a5c1-4be6-a9cd-034d621ec02a","keyframes":{"transform":["translate3d(0px, 125.95452%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Sam's Club is raising annual dues as warehouse clubs profit from spending restrained customers.

[{"selector":"#anim-205fe0cb-e167-4357-b907-2d25d29949cf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.29618215251581%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7d76c51f-2e03-46d1-8a6a-9b40680b1016","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-11dba125-cd37-44aa-980a-ff6eecaa3062","keyframes":{"transform":["translate3d(0px, 137.01724%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Walmart's business is expanding in other areas but at a slower rate than its sales.

[{"selector":"#anim-e80f015d-2d7f-4411-99a8-bbdeadec9cb5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.29618215251581%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c9a5392b-82bc-4599-bf9e-48707a8871c6","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-116728f1-85cf-4907-a6d7-166755fe5caf","keyframes":{"transform":["translate3d(0px, 145.78675%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

It claimed in the most recent quarter that it was at an all-time high in the three months that ended on July 31, and membership revenue rose 8.9%.

[{"selector":"#anim-6bfa4a44-6964-4718-9046-36bd2790e602 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-22.004608125055924%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4cc3e147-2c4e-4d58-ac24-65010343c96b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f5c4c889-60f2-47ec-ae42-6efdb1064d67","keyframes":{"transform":["translate3d(0px, 129.04332%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]