Global Blue Releases the Monthly Tax Free Shopping Business Update for August 2024
Global Blue Group Holding AG Ordinary Shares (GB)
Company Research
Source: Business Wire
Fresh data from Global Blue reveals that the worldwide growth in Tax Free Shopping is strong across Continental Europe and Asia Pacific: Issued Sales in Store like-for-like year-on-year performance reached +17%1 in August 2024. SIGNY, Switzerland--(BUSINESS WIRE)--A sustained performance in Continental Europe for international shoppingIn Continental Europe, the issued Sales in Store growth rate increased by +10%1 in August 2024 vs. last year. This growth was led by a +8%1 increase in the number of shoppers and a +2%1 increase in the average spend per shopper.Regarding origin markets, the positive momentum in issued Sales in Store growth is evident across most nationalities. Mainland Chinese Tax Free Spend led with +25%1 vs. last year. While US Tax Free Spend was positively influenced by the Olympic Games (+18%1 increase), it was the opposite for GCC shoppers, who experienced a growth rate of -1%1 vs. last year.When examining destination markets, August showed a strong performance i
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