Global Blue Reports Rise in Tax Free Shopping

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

Global Blue Group Holding has reported a positive trend in Tax Free Shopping for September 2024, with Continental Europe and Asia Pacific regions experiencing a year-on-year increase of 13%. The increase was attributed to a higher number of international shoppers, despite a slight decrease in average spend per shopper due to an inflation slowdown. In Asia Pacific, the growth has moderated compared to the previous three months, influenced by currency fluctuations, such as the strengthening of the Yen.

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