Global Blue Releases the Monthly Tax Free Shopping Business Update for September 2024
Global Blue Group Holding AG Ordinary Shares (GB)
Company Research
Source: Business Wire
New data from Global Blue reveals that the worldwide growth in Tax Free Shopping is positive across Continental Europe and Asia Pacific: Issued Sales in Store like-for-like year-on-year performance reached +13%1 in September 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 +11%1 in September 2024 vs. last year. This growth was led by a +14%1 increase in the number of shoppers. This performance was slightly impacted by a softening of -2%1 in the average spend per shopper, as a result of an overall inflation slowdown.When examining origin markets, the positive momentum in issued Sales in Store growth is steadily progressing across most nationalities. US and GCC shopper Tax Free Spend led at +13%1 vs. last year, closely followed by Mainland Chinese shoppers at +11%1.Regarding destination markets, September showed a stable performance in Spain at +
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