Coxir, one of the brands of Noksibcho Cosmetics, started to supply its products to Costco in Europe, expanding its business channels to the European market. Starting in November, the Coxir products will be available in Spain, followed by France, the UK, and Sweden.
Costco, the fourth largest retailer in the world, runs about 800 stores worldwide and has around 1 million members.
The first Coxir product to be sold at Costco Spain is the “Black Snail Collagen” collection, the brand's flagship item. This line contains snail extract, black turtle beans, and collagen, offering an anti-aging effect.
Noksibcho Cosmetics has been selling its products on Amazon Germany earlier on, and entered the European countries such as Italy, France, and the Netherlands. Its products are showing good performance both online and offline.
They are expecting that “supplying products to Costco would expand its business channels in Europe, considering that there has been positive responses from the customers since entering large distribution channels including Douglas, Dm, and Rossmann,” according to an official at Noksibcho Cosmetics.
Noksibcho Cosmetics anticipates a rise in exports after entering Costco Europe.
Noksibcho Cosmetics is exporting cosmetic products to over 40 countries including Europe, Russia, South America, and North America, after obtaining approvals and certifications from international institutions like the Food and Drug Administration, Cosmetic Products Notification Portal, Eurasian Conformity, and Brazilian Health Regulatory Agency.