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Stock impact report

Global Blue Releases the Monthly Tax Free Shopping Business Update for December 2023 [Yahoo! Finance]

Global Blue Group Holding AG Ordinary Shares (GB) 
Company Research Source: Yahoo! Finance
Shopping has remained solid across Continental Europe and Asia Pacific compared to previous months. Globally, issued Sales in Store like-for-like recovery reached 130% in December versus 125% in October/November and 123% in Q3 '23. A sustained recovery in Continental Europe In Continental Europe, the recovery remains solid reaching 121% in December vs. 117% in October/November and 119% in Q3 '23, despite the events in Palestine. Excluding Mainland Chinese and Russian shoppers, (who represented 25% and 8% of Sales in Store in the region in 2019), the recovery would have reached 154% in December vs. 153% in October/November and 157% in Q3 ‘23. In terms of origin markets , US shoppers have sustained a strong level of recovery, reaching 246% in December, consistent with October/November at 249% and Q3 '23 at 258% . GCC shopper recovery also remains solid at 230% in December, vs. 248% in October/November and 200% in Q3 ‘23. Regarding destination markets , December has maintained Show less Read more
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