Global Blue Releases the Monthly Tax Free Shopping Business Update for February 2025
Global Blue Group Holding AG Ordinary Shares (GB)
Company Research
Source: Business Wire
New data from Global Blue reveals double-digit growth in Tax Free Shopping across Continental Europe and Asia Pacific, with Issued Sales in Store (like-for-like year-on-year performance) at +10%1 in February 2025, compared with +29% in January.February’s performance was negatively impacted by one less retail day and by two major calendar shifts2 compared to 2024: Lunar New Year and Ramadan.The average progression for January and February, which neutralized the Lunar New Year shift effect, reached +20%1, in line with the +21%1 progression in Q4 2024. SIGNY, Switzerland--(BUSINESS WIRE)--A solid performance in Continental Europe despite negative calendar effectsIn Continental Europe, the issued Sales in Store increased by +9%1 in February 2025 compared with +19%1 in January, impacted by one less retail day and the shifts of Lunar New Year and Ramadan. This performance was driven by a +9%1 increase in the number of shoppers, while the average spend per shopper remained stable at 0%1.A
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