The owner of fashion retailer Zara has reported surging sales and profits in the first half of the year, as consumer demand for new clothing remained strong despite cost of living pressures.
Inditex, which is Europe’s biggest clothing retailer with a portfolio of chains including Massimo Dutti, Pull&Bear, and Bershka, said profit for the six months to July had risen by 41%, hitting a new record. Sales increased by about a quarter and were up in all regions.
