Global Blue Group Holding (GB) has released an update.
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Global Blue’s Tax Free Shopping Business Update for August 2024 indicates a robust year-on-year growth, with Continental Europe witnessing a +10% increase in sales and Asia Pacific experiencing a +37% rise despite a slight decline in average spend per shopper. The growth was particularly strong among Mainland Chinese shoppers, with standout performances in destination markets such as Spain, Italy, and Japan. Overall, the worldwide year-on-year growth rate for August stands at +17%, pointing towards a sustained recovery in the Tax Free Shopping sector.
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