Zara owner Inditex posts better-than-expected 40% profit jump as price rises slow

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Reuters UK

By Corina Pons and Helen Reid MADRID (Reuters) – Zara owner Inditex on Wednesday beat expectations with a 40% jump in half-year profit despite the world’s biggest fashion company slowing the pace of its price increases. The company posted a net profit of 2.5 billion euros for the six months to July 31. Inditex has widened its lead over Swedish rival H&M this year by delivering fashion trends faster from nearby suppliers at prices that allow it to cope with inflationary pressures. But analysts expect Inditex’s strong financial position will allow it to keep prices stable or even lower them in t…

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