Costco Wholesale rises on plans to increase membership fees
** Shares of membership-only retailer Costco Wholesale COST.O rise 2.5% to $906.29 in after-hours trading
** Company says will increase its annual membership fees by $5 for the U.S. and Canada gold star (individual membership), business, and business add-on members, effective Sept 1
** Annual fees for executive memberships in the U.S. and Canada will increase to $130 from $120 (primary membership of $65 plus executive upgrade of $65), effective Sept 1 - Costco
** Maximum annual 2% reward associated with executive membership will increase to $1,250 from $1,000, company says
** Up to last close, stock up ~34% YTD
Reporting by Harshita Mary Varghese in Bengaluru
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