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Stock impact report

Global Blue Releases the Monthly Tax Free Shopping Business Update for August 2024 [Yahoo! Finance]

Global Blue Group Holding AG Ordinary Shares (GB) 
Company Research Source: Yahoo! Finance
SIGNY, Switzerland, September 05, 2024 BUSINESS WIRE A sustained performance in Continental Europe for international shopping In Continental Europe , the issued Sales in Store growth rate increased by +10% in August 2024 vs. last year. This growth was led by a +8% increase in the number of shoppers and a +2% 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% vs. last year. While US Tax Free Spend was positively influenced by the Olympic Games (+18% increase), it was the opposite for GCC shoppers, who experienced a growth rate of -1% vs. last year. When examining destination markets , August showed a strong performance in Spain at +23% and Italy at +12% , while it displayed a moderate performance in Germany at +3% and France at +3% , reflecting the contrasting impact of the Olympic Games by nationality. A slowdown of the h Show less Read more
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