Tax-free shopping

Global Blue Releases the Monthly Tax Free Shopping Business Update for November 2023

Retrieved on:

Thursday, December 7, 2023

Mobile, Wireless, Technology, Other Retail, Other Technology, Professional Services, Data Management, Supply Chain Management, Retail, Online Retail, Other Professional Services, NYSE, Global Blue, Gulf Cooperation Council, Acceleration, Tax-free shopping, Travel, Hong Kong

New data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained stable across Continental Europe, with a continued acceleration in Asia Pacific.

Key Points:

New data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained stable across Continental Europe, with a continued acceleration in Asia Pacific.
Globally, issued Sales in Store like-for-like recovery reached 127%1 in November versus 123%1 in October and Q3 ’23.
This solid performance is mainly due to an increase in Gulf Cooperation Council and Mainland Chinese shopper activity.
Excluding Mainland Chinese and Russian shoppers, the recovery in November would have reached 150%1 vs. 154%1 in October and 157%1 in Q3 ‘23.

Global Blue Reports Q2 FY23/24 Financial Results, Delivering Growth and an Improved Capital Structure

Retrieved on:

Wednesday, November 29, 2023

In summary, Global Blue should be well placed to benefit from the progressive reopening of Mainland Chinese international travel.

Key Points:

In summary, Global Blue should be well placed to benefit from the progressive reopening of Mainland Chinese international travel.
In September 2023, the Group issued guidance and long-term targets as it continues to benefit from the strong growth drivers of the business; Global Blue Group Holding AG - Global Blue Introduces Financial Guidance and Long-term Targets .
On that basis, Global Blue is targeting Revenue growth of 7.0% to 11.0% for FY25/26 to FY27/28.
Global Blue is targeting pricing evolution and mix effects to result in a 3.0% differential between Sales in Store(3) and Revenue growth.

Global Blue Releases the Monthly Tax Free Shopping Business Update for October 2023

Retrieved on:

Thursday, November 9, 2023

Professional Services, Online Retail, Data Management, Retail, Other Professional Services, Other Retail, Technology, Tax-free shopping, Global Blue, Gulf Cooperation Council, GB, Golden Week, Başka 33/3, NYSE, Acceleration, Travel, Rare-earth element

New data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained solid across Continental Europe, with a continued acceleration in Asia Pacific.

Key Points:

New data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained solid across Continental Europe, with a continued acceleration in Asia Pacific.
Excluding Mainland Chinese and Russian shoppers, the recovery would have reached 154%1 in October vs. 157%1 in Q3 ‘23.
Regarding origin markets, US residents maintain a strong level of recovery, reaching 260%1 in October vs. 258%1 in Q3 ‘23.
Mainland Chinese shoppers have also remained strong, with a recovery rate reaching 109%1 in October vs. 105%1 in Q3 ‘23.

Global Blue Releases the Monthly Tax Free Shopping Business Update for September 2023

Retrieved on:

Friday, October 6, 2023

Apps, Applications, Technology, Payments, Other Retail, Banking, Other Technology, Professional Services, Software, Data Management, Retail, Gulf Cooperation Council, Tax-free shopping, Travel, Eid, Global Blue, Tourism, Airline, Mainland China

Fresh data from Global Blue reveals that the global dynamic recovery for Tax Free Shopping has gained momentum across Continental Europe and Asia Pacific.

Key Points:

Fresh data from Global Blue reveals that the global dynamic recovery for Tax Free Shopping has gained momentum across Continental Europe and Asia Pacific.
In Continental Europe, the recovery remained solid, returning to the pre-summer dynamic levels at 1251% in September vs. 116%1 in July/August.
Excluding Mainland Chinese and Russian shoppers, the recovery would have reached 164%1 in September vs. 154%1 in July/August.
In terms of origin markets, US residents maintain a strong level of recovery, reaching 258%1 in September vs. 258%1 in July/August.

Shipup Announces Agop Ashjian as New CEO, Marking Global Expansion of the Company

Retrieved on:

Monday, September 25, 2023

Tax-free shopping, Sale, Growth, Commerce, Partnership, Scott Ashjian, Global Blue, Financial management, Strategic planning, Retail

This strategic move underscores Shipup's commitment to innovation, global expansion, and leadership in the post-purchase experience market.

Key Points:

This strategic move underscores Shipup's commitment to innovation, global expansion, and leadership in the post-purchase experience market.
Ashjian brings a wealth of retail and commerce experience and expertise to Shipup, having previously served in various roles within Global Blue, a leader in the Tax-Free Shopping industry.
Ashjian comes to Shipup as the retail industry hears calls from customers to enhance personalization, sustainability practices, and data security.
Our commitment to innovation is unwavering, and our strategic partnership with Global Blue will continue to play a pivotal role in realizing our vision,” said Agop Ashjian, CEO of Shipup.

Global Blue Introduces Financial Guidance and Long-term Targets

Retrieved on:

Monday, September 25, 2023

In addition, Global Blue is providing guidance through FY24/25 as the Company expects that its business will continue to recover from the effects of the pandemic through FY24/25, and it does not expect to provide multi-year guidance thereafter.

Key Points:

In addition, Global Blue is providing guidance through FY24/25 as the Company expects that its business will continue to recover from the effects of the pandemic through FY24/25, and it does not expect to provide multi-year guidance thereafter.
In addition, Global Blue expects to see the continued benefit from its technology investments, in the form of greater digitalization and further commercial gains.
Overseas Luxury Market Premium: In line with historical track-record, Global Blue expects the Overseas Market growth to outpace that of the broader Luxury Market.
Global Blue is pleased to introduce guidance and long-term targets that reflect the ongoing international travel recovery, as well as technology-driven initiatives that are helping to drive growth, profitability, and cash flow generation.

Global Blue Releases the Monthly Tax Free Shopping Business Update for August 2023

Retrieved on:

Thursday, September 7, 2023

New data from Global Blue (NYSE:GB) reveals that the overall global dynamic recovery for Tax Free Shopping has remained stable in Continental Europe, with a continued acceleration in Asia Pacific.

Key Points:

New data from Global Blue (NYSE:GB) reveals that the overall global dynamic recovery for Tax Free Shopping has remained stable in Continental Europe, with a continued acceleration in Asia Pacific.
Globally, issued Sales in Store like-for-like recovery reached 119%1 in August versus 121%1 in July and 118%1 in Q2 2023.
In terms of origin markets, US residents have maintained a strong level of recovery, reaching 261%1 in August vs. 257%1 in July and 270%1 in Q2 2023.
In contrast, Gulf Cooperation Council shopper recovery has marginally softened to 170%1 in August vs. 221%1 in July and 224%1 in Q2 2023.

Global Blue Reports Q1 FY23/24 Financial Results with Significant Increases in Both Growth and Profitability

Retrieved on:

Monday, August 28, 2023

Based on an annualization of Q1 FY23/24 quarter’s results, Global Blue could achieve Adjusted EBITDA in excess of €200m(2) once Chinese Revenue recovery reaches 105% (vs. a 38% Revenue recovery in Q1 FY23/24).

Key Points:

Based on an annualization of Q1 FY23/24 quarter’s results, Global Blue could achieve Adjusted EBITDA in excess of €200m(2) once Chinese Revenue recovery reaches 105% (vs. a 38% Revenue recovery in Q1 FY23/24).
Notwithstanding the current and future recovery, Global Blue will continue to benefit from four strong long-term growth drivers of the business.
In summary, Global Blue is pleased to report Q1 FY23/24 financial results with a significant increase in both growth and profitability in Q1 FY23/24, thanks to the proven and accelerating international travel recovery, coupled with continued progress around its strategic priorities.
These non-IFRS measures may not be indicative of Global Blue’s historical operating results nor are such measures meant to be predictive of Global Blue’s future results.

Global Blue Releases the Monthly Tax Free Shopping Business Update for July 2023

Retrieved on:

Thursday, August 10, 2023

Fresh data from Global Blue (NYSE:GB) reveals that the overall global dynamic recovery for Tax Free Shopping has remained stable in Continental Europe, with a strong acceleration in Asia Pacific.

Key Points:

Fresh data from Global Blue (NYSE:GB) reveals that the overall global dynamic recovery for Tax Free Shopping has remained stable in Continental Europe, with a strong acceleration in Asia Pacific.
Globally, issued Sales in Store like-for-like recovery reached 121%1 in July versus 118%1 in Q2 2023.
In Continental Europe, the recovery remains stable, reaching 118%1 in July vs. 121%1 in Q2 2023.
Following closely are North East Asia residents, with a recovery rate of 191%1 in July vs. 150%1 in Q2 2023.

Global Blue Releases the Monthly Tax Free Shopping Business Update for June 2023

Retrieved on:

Thursday, July 6, 2023

Other Professional Services, Other Retail, Lodging, Travel, Professional Services, Supply Chain Management, Online Retail, Retail, Global Blue, Gen, Sale (chain store), FleetEx '83-1, Tax-free shopping, Generation Z, Growth, Gulf Cooperation Council, Mainland Chinese, Video game, Tourism

New data from Global Blue reveals that the overall dynamic recovery for Tax Free Shopping has accelerated across Continental Europe and Asia Pacific.

Key Points:

New data from Global Blue reveals that the overall dynamic recovery for Tax Free Shopping has accelerated across Continental Europe and Asia Pacific.
Firstly, there has been a re-acceleration to Q1 2023 levels in the recovery of US and Gulf Cooperation Council shoppers in Continental Europe.
Secondly, Mainland Chinese shoppers have shown an accelerated recovery, particularly in Asia Pacific, where there are fewer travel-related barriers.
In Continental Europe, the recovery has accelerated, reaching 130%1 in June vs. 115%1 in April/May.