Georgian Retail Index

Georgian Retail Index

Forbes Georgia prepared the Georgian retail index in partnership with the consulting and auditing firm EBIT Group.  Approved by Grant Thornton.

No other economic sector comes close to retail in terms of the daily number of customers. Through a complex logistics and distribution network, as well as the joint efforts of thousands of employees, manufacturers and importers; new products are available on a daily basis for the 3.7 million people in our country.

Forbes Georgia prepared the Georgian retail index in partnership with the consulting and auditing firm EBIT Group. The index is based on several criteria – the company’s total revenue, net profit and size of assets. The index includes companies involved in the sale of food and essential goods, as well as pharmaceutical products, electronics, clothing, accessories and DIY materials. Companies involved in the sale of oil products, vehicles and vehicle parts have been excluded.

METHODOLOGY:

The company index is based on three main economic indicators: total assets, revenue and net profit. Companies involved in the sale of oil products, vehicles and vehicle parts have been excluded from the index. Company evaluation is based on the individual financial reports for the year 2017 published on Reportal.ge. In exceptional cases, the company’s consolidated reports have been used instead of individual reports for evaluation purposes. The index is based on the financial reports for the year 2017 as they were submitted by the companies, regardless of whether the figures have been signed off by auditors.

Terms of Use:

The rankings are based purely on expert and journalistic evaluation; they cannot be used as an official piece of information. The use of the rankings by other media sources is permitted under ‘rewrite’ terms and by linking to Forbes.ge and to the rankings themselves. Copy and pasting without indicating the source is strictly prohibited.

INDEX IN GEORGIAN, OCTOBER 2019.

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