Global Blue Releases the Monthly Tax Free Shopping Business Update for November 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 +21%1 in November 2024. SIGNY, Switzerland--(BUSINESS WIRE)--A sustained performance in Continental Europe for international shoppingIn Continental Europe, the issued Sales in Store increased by +16%1 in November 2024 vs. last year, slightly ahead of October growth (+12%1). This growth was led by a +19%1 increase in the number of shoppers and was slightly impacted by a softening of -3%1 in the average spend per shopper, as a result of an overall inflation slowdown.When examining origin markets, GCC shopper Tax Free Spend led the way at +33%1 vs. last year, followed by US shoppers at +20%1.Regarding destination markets, November showed a solid performance in Spain and Italy at +20%1, and France at +12%1.A solid Tax Free Spend performance in Asia PacificIn Asia Pacific, the issued
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