STORY: Shares in Zara owner Inditex jumped on Wednesday (June 5) after it posted a lift in sales from its Spring/Summer collection.

The world's top fashion retailer said sales rose 12% from May 1 to June 3 from the same time the year before.

Which one analyst attributed to pent-up demand following a rainy start to the season.

This upbeat start comes as it reported quarterly sales and profit that met expectations.

It also posted a 7% rise in sales for its first quarter to the end of April...

That marked an expected slowdown from a year earlier when the company benefited from a shopping spree following the global health crisis.

Inditex, whose brands also include Pull&Bear and Massimo Dutti, is battling intense competition from rivals such as H&M, Shein and Temu.

To entice shoppers, Inditex is chasing and delivering fashion trends faster by investing in logistics and technology.

And said it plans to invest close to $1 billion per year through 2025 to further expand logistics capacity.

The company has outperformed rivals in recent quarters - benefiting from investments in new store and online experiences such as livestream shopping.