Global Blue Releases the Monthly Tax Free Shopping Business Update for August 2023
- Continental Europe maintains stable recovery with slight softening to 114% in August
- US residents maintain strong recovery at 261% in August
- Mainland Chinese shoppers drive strong recovery in Asia Pacific with a rate of 109% in August
- Japan leads in destination markets with a recovery rate of 189% in August
- Gulf Cooperation Council shopper recovery marginally softens to 170% in August
- Mainland Chinese shopper recovery in Continental Europe is slower at 41% despite a 54% air capacity recovery
SIGNY,
Globally, issued Sales in Store like-for-like recovery reached
A stable recovery in Continental Europe
In Continental Europe, the recovery remains generally stable, with a slight softening to
In terms of origin markets, US residents have maintained a strong level of recovery, reaching
In contrast, Gulf Cooperation Council shopper recovery has marginally softened to
Regarding destination markets, August witnessed an overall stable recovery across most destinations, with
A sustained recovery in
In
Regarding origin markets, Mainland Chinese shoppers, along with
When examining destination markets,
A gradual recovery for Mainland Chinese shoppers
In August, the Sales in Store like-for-like recovery of Mainland China shoppers within the
In contrast, the Sales in Store like-for-like recovery of Mainland China shoppers in Continental
APPENDIX
YTD Data
Issued SIS
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August 2023
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July 2023
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June 2023
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May 2023
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April 2023
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Q1 2023 |
Q4 2022 |
Q3 2022 |
Q2 2022 |
Q1 2022 |
Continental |
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TOTAL |
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Glossary
- Gulf Cooperation Council countries include:
-
- North East Asia includes:
ABOUT GLOBAL BLUE
Global Blue pioneered the concept of Tax Free Shopping 40 years ago. Through continuous innovation, we have become the leading strategic technology and payments partner, empowering retailers to improve their performance and shoppers to enhance their experience.
Global Blue offers innovative solutions in three different fields:
- Tax Free Shopping: Helping retailers at over 300,000 points of sale to efficiently manage 35 million Tax Free Shopping transactions a year, thanks to its fully integrated in-house technology platform. Meanwhile, its industry-leading digital Tax Free shopper solutions create a better, more seamless customer experience.
- Payment services: Providing a full suite of foreign exchange and Payment technology solutions that allow acquirers, hotels, and retailers to offer value-added services and improve the customer experience during 31 million payment transactions a year at 130,000 points of interaction.
- Complementary RetailTech: Offering new technology solutions to retailers, including digital receipts and eCommerce returns, that can be easily integrated with their core systems and allow them to optimize and digitalize their processes throughout the omni-channel customer journey, both in-store and online.
In addition, our data and advisory services offer a strategic advisory to help retailers identify opportunities for growth, while our shopper experience and engagement solutions provide data-driven solutions to increase footfall, convert footfall to revenue and enhance performance.
For more information, visit https://www.globalblue.com/about-us/media
Global Blue Monthly Speaker Notes Data, August 2023, Source: Global Blue
1 Recovery rate is equal to 2023 Issued Sales in Store divided by 2019 Issued Sales in Store, like-for-like (i.e.: at constant merchant scope and exchange rates).
2 Air capacity: ForwardKeys data platform – August 2023
3 Mainland Chinese shoppers increase of average spend per international shopper versus 2019
View source version on businesswire.com: https://www.businesswire.com/news/home/20230907560204/en/
MEDIA CONTACTS
Virginie Alem – SVP Marketing & Communications
Mail: valem@globalblue.com
INVESTOR RELATIONS CONTACTS
Frances Gibbons – Head of Investor Relations
Mob: +44 (0)7815 034 212
Mail: fgibbons@globalblue.com
Source: Global Blue