Zara parent Inditex sees retail profits surge to €2.8 billion as its new collection lures more shoppers

Shoppers in a Zara store in Kyiv, Ukraine. (Credit: Yurii Stefanyak—Global Images Ukraine/Getty Images)

Zara owner Inditex, the world's biggest fashion retailer, posted a record net profit for the first half of the year on Wednesday, despite slower sales growth.

The Spanish group said its profit rose 10 percent to €2.8 billion ($3.1 billion) in the first six months of its financial year, which ends July 31.