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Global Blue Group Holding Ltd (GB) delivers innovative tax-free shopping and payment solutions for international travelers across 40+ countries. This news hub provides investors and industry professionals with timely updates on operational developments, financial performance, and strategic initiatives shaping the global retail finance sector.
Access curated press releases and analysis covering key areas including quarterly earnings, merchant network expansions, technology partnerships, and regulatory updates. Our repository simplifies tracking GB's market position through verified updates on its core services: tax refund solutions, cross-border payment processing, and digital consumer engagement tools.
Bookmark this page for structured access to critical updates affecting GB's role in connecting 300,000+ retailers with international shoppers. Monitor developments in real-time currency conversion systems, VAT recovery innovations, and partnership announcements with major financial institutions.
Global Blue (NYSE:GB) reported a robust recovery in Tax Free Shopping across Continental Europe and Asia Pacific, with total Issued Sales in Store like-for-like reaching 110% in March 2023, improving from 90% in February and 102% in January. Key drivers include the return of Mainland Chinese shoppers, whose recovery rose to 49% in March compared to 22% in February. Continental Europe saw a recovery of 119%, with top-performing markets like Greece at 176%. Asia Pacific also showed significant growth, recovering to 93% in March from 74% in February. The company expects continued momentum as air capacity from Mainland China gradually increases.
Global Blue reports a robust recovery in Tax Free Shopping, achieving a 90% like-for-like recovery in February 2023 compared to pre-pandemic sales in February 2019. The decline from January's 102% is attributed to fewer Mainland Chinese shoppers. Continental Europe saw a full recovery at 100%, with non-Chinese markets reaching 149%. Strong performance from Gulf Cooperation Council citizens at 286% and US nationals at 284% was also noted. In Asia Pacific, recovery rose to 74%. Meanwhile, Mainland Chinese shopper recovery is gradually improving at 22% in Europe and 27% in Asia Pacific.
New data from Global Blue (NYSE:GB) highlights a robust recovery in Tax Free Shopping across Continental Europe and Asia Pacific. In January 2023, sales in Continental Europe recovered to 106% of pre-pandemic levels, bolstered by a 297% recovery rate from US nationals. Asia Pacific also showed strong performance, reaching 96% recovery, driven by a 385% recovery among Hong Kong and Taiwan nationals. The reopening of China's borders on January 8 has further accelerated the recovery of Chinese shoppers, with recovery rates of 22% in Continental Europe and 38% in Asia Pacific. Limited air capacity remains a challenge, but positive trends are evident.
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