Inditex has announced plans to move into Australia next year as the retailer pushes ahead with its aggressive international expansion.

The decision to enter the new market was announced at the company’s annual general meeting at its headquarters in Arteixo, in Galicia.

Of the 343 new stores that Inditex opened last year, 98% were outside Spain. So far this year the retailer has expanded into Bulgaria, India and Kazakhstan, bringing the total number of markets in which it is present to 77.