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Stock impact report

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

Global Blue Group Holding AG Ordinary Shares (GB) 
Company Research Source: Yahoo! Finance
SIGNY, Switzerland, December 06, 2024 BUSINESS WIRE A sustained performance in Continental Europe for international shopping In Continental Europe , the issued Sales in Store increased by +16% in November 2024 vs. last year, slightly ahead of October growth (+12% ). This growth was led by a +19% increase in the number of shoppers and was slightly impacted by a softening of -3% 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% vs. last year, followed by US shoppers at +20% Regarding destination markets , November showed a solid performance in Spain and Italy at +20% , and France at +12% A solid Tax Free Spend performance in Asia Pacific In Asia Pacific , the issued Sales in Store growth reached +30% in November 2024, in line with October 2024 (+29% ), led by a +31% increase in the number of shoppers and a -1% decrease in the average spend per shopper. When examining Show less Read more
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