Inditex’s nine-month profit rose by 24 per cent.

Inditex raised prices by five per cent to offset rising costs. The price rises helped offset weakening global demand for clothing.The world’s biggest fashion retailer’s store and online sales rose 19 per cent from a year ago.

Known for its ability to quickly deliver the latest designs to consumers thanks to its flexible sourcing, Inditex has lately been offering more high fashion Zara pieces designed for special occasions.The approach has allowed it to sell higher-priced items and attract shoppers from the luxury segment of the market. Sales increased 11 per cent during the third quarter, a slower pace than in previous months, reflecting a weakening consumer environment. The company’s second quarter sales increased 16 per cent from the same period a year ago.The fashion giant’s sales between the start of November and December 8 increased 12 per cent from a year ago. Sales were positive in all geographic areas. But the company will have to deal with more cost increases over the coming months including pressure from workers for higher salaries.

Inditex is the parent company of brands like Zara, Massimo Dutti, Pull&Bear and Bershka. Zara continues to be the strongest brand in Inditex’s mix.