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UPDATE 1-Zara owner Inditex reports strong first-half sales growth

MADRID, Sept 11 (Reuters) - The world's biggest fashion retailer, Inditex, reported strong first-half sales growth on Wednesday, buoyed by good summer weather in Europe, while confirming its sales targets for the full year. The owner of Zara is one of the few bright spots in a struggling clothing market, with sales growth outpacing that of rivals such as Sweden's H&M as it adapts to consumers' changing shopping habits by combining large stores with online sales. The Spanish retailer reported net profit of 1.55 billion euros ($1.66 billion) for the six months from Feb. 1 to July 31, on sales up 7% at 12.82 billion euros, in line with analysts' expectations. Inditex has shut smaller stores, focusing on large spaces in prime shopping areas, which it combines with online sales via its web page and mobile phone app while tight control of its inventory allows it to avoid drastic discounting.

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