BJ’s Wholesale Club announced that it will increase its membership fees starting in January 2025. The basic annual plan will rise by $5 to $60, while the premium Club+ plan will increase by $10, bringing it to $120. The company stated the price hikes will support continued growth and enhance value for its 7.5 million members.

Despite fewer stores than its competitors, BJ’s reported an 8.4% year-over-year increase in membership income, driven by stronger acquisition, retention, and higher-tier memberships. BJ’s joins Costco, which also raised its fees this year.