LC Waikiki, one of the largest clothing retailers in Georgia, has published its financial report for 2023. According to the company's report, a significant sales increase of GEL 10 million was recorded during the mentioned year, as a result of which the company's sales reached GEL 154.6 million in Georgia.
LC Waikiki, which is the largest Turkish retailer, is present in the Georgian market with 15 stores.
According to the financial report:
In 2023 - income made up GEL 154.6 million, the value of sold products GEL 106.5 million;
In 2022 - income made up GEL 144 million, the value of sold products GEL 84.7 million.
According to the financial report, company LC Waikiki operates on the Armenian market along with Georgia, and sales on those markets increased by GEL 4 million and reached GEL 61.5 million. Accordingly, the total sales of the company in these three countries amounted to GEL 216 million. The profit of Waikiki directly from the Georgian market amounted to GEL 9.3 million.
According to the report, LC Waikiki considers Inditex brands (Zara, Bershka, Pull&Bear) as its main competitors in Georgia, the mentioned brands have not yet published their 2023 revenues from the Georgian market.
