Zara-owner Inditex's first-half sales surge

STORY: Inditex was in fashion for shoppers in the first half of this year.

The Zara owner reported Wednesday (September 14) that revenue jumped by a quarter to around $14.8 billion.

Profits surged by 41% to just under $1.8 billion.

The results were the first announced since its founder's daughter - Marta Ortega - took over as non-executive chairman.

Inditex's performance was in line with analyst forecasts.

But those same experts have warned the coming months will likely see demand for fashion fall due to the cost of living.

Inditex raised its prices early in the year to cope with inflation.

It proved a smart move as shoppers worldwide bought more clothes for holidays, events and the return to the office.

That after two years of health crisis lockdowns.

Inditex has kept its strategy of producing at least half of its products close to its Spanish headquarters, which helped it during the supply chain crisis.

Analysts say the latest results put it on a strong footing to face the winter challenges.

Shares in the firm jumped over 5% following Wednesday's news.