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

Global Blue Group Holding reported significant growth in Tax Free Shopping for January 2025, with a 29% increase year-on-year. Europe saw a 19% rise, driven mainly by an increase in shopper numbers, although average spending per shopper slightly declined. Notably, US and European non-EU shoppers contributed significantly to this growth. In Asia Pacific, growth accelerated to 46%, with Mainland Chinese shoppers leading the charge with an 87% increase. The company’s performance highlights its strengthening position in the Tax Free Shopping sector, bolstered by robust shopper activity across key regions.

More about Global Blue Group Holding

Global Blue is a business partner in the shopping journey, offering technology and services to enhance customer experiences and improve performance. With over 40 years of expertise, the company connects thousands of retailers, acquirers, and hotels with nearly 80 million consumers across 53 countries, focusing on Tax Free Shopping, Payments, and Post-Purchase solutions. Global Blue, headquartered in Switzerland, is listed on the New York Stock Exchange and reported €28bn in Sales in Store and €422M in revenue for the fiscal year 2023/24.

YTD Price Performance: -11.28%

Average Trading Volume: 67,853

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.27B

Learn more about GB stock on TipRanks’ Stock Analysis page.