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Stock impact report

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

Global Blue Group Holding AG Ordinary Shares (GB) 
Company Research Source: Yahoo! Finance
Sales in Store like-for-like year-on-year performance reached +17% in October 2024. SIGNY, Switzerland, November 07, 2024 BUSINESS WIRE A sustained performance in Continental Europe for international shopping In Continental Europe , the issued Sales in Store growth rate increased by +12% in October 2024 vs. last year. This growth was led by a +14% increase in the number of shoppers and was slightly impacted by a softening of -2% 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 solid across most nationalities. GCC shopper Tax Free Spend led the way at +29% vs. last year, followed by Mainland Chinese shoppers at +15% and US shoppers at +10% Regarding destination markets , October showed a solid performance in Spain at +21% and Italy at +15% , and France's Tax Free Spend was back to pre-Olympic levels at +10% A slowdown of the hyper growth Tax Free Spend in As Show less Read more
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