Costco has settled a lawsuit over its membership renewal policies. Clark's favorite warehouse club admits to back-dating renewals to the date of expiration. that means they were essentially cheating customers out of time on their memberships!
Under the terms of the settlement, Costco will offer customers who were affected from March 2001 to March 2009 up to 3 months of free membership going forward. Look for a postcard or e-mail in the coming weeks to let you know if you're eligible.
Meanwhile, a new university study done jointly by Harvard Business School and Columbia Business School reveals that customers often buy more than they intend at warehouse clubs.
A university study was necessary to determine this?! Clark could have easily told you that!
For example, executive producer Christa and her husband are on a spending freeze. Yet they couldn't resist a
Flip Ultra HD for $199 during a recent Costco outing. Now they're selling some of their belongings on eBay to balance out the unexpected $199 expenditure!
Want to avoid unnecessary purchases at the warehouse clubs? Shop without a cart! Clark only buys what his arms can carry and has lowered his bill dramatically as a result.