The American Marketing Association has a board of directors and a set of councils with positions that are elected annually by its members.The headquarters is located in Chicago, Il. Russ Klein was named CEO in 2014.he American Marketing Association has a board of directors and a set of councils with positions that are elected annually by its members.
The primary benefit of an executive membership is that, once a year, Costco will reimburse you for 2% of the amount you spent at the warehouse chain over the past 12 months. Thus, the issue boils down to whether or not the potential savings will more than offset the added $55.
What is a Costco membership really worth? Costco's fiscal year 2014 first-quarter earnings report showed that net sales rose 5% to $24.47 billion as comp sales increased 3% overall. On a year-over-year basis, membership fees for the first quarter jumped to $549 million, up from $511 million in FY 2013's first quarter. Despite the 7.3% increase in membership fees, these fees account for just 2.24% of sales for Costco.