Global Blue Sees Growth in Tax Free Shopping
Company Announcements

Global Blue Sees Growth in Tax Free Shopping

Global Blue Group Holding (GB) has released an update.

Global Blue Group Holding’s latest update shows a positive trend in Tax Free Shopping across Continental Europe and Asia Pacific, with a significant year-on-year growth of 17% in October 2024. This growth is driven by an increase in the number of shoppers, particularly from the Gulf Cooperation Council, Mainland China, and the US, despite a slight reduction in the average spend per shopper. Key destination markets like Spain, Italy, and South Korea have shown remarkable performance, highlighting a robust recovery in international shopping.

For further insights into GB stock, check out TipRanks’ Stock Analysis page.

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