Target is upgrading 130 stores and adding 30 new ones in 2026, expanding grocery sections to attract customers and build loyalty.
Target will increase 2026 capital spending to about $5 billion to fund the new store openings and remodels.
Target Corp. unveiled a growth strategy that includes a $5 billion investment plan, 30 new store openings, and 300 new locations by 2035.
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Target plans massive $1 billion revamp making more changes than ever
CEO Michael Fiddelke is spearheading an ambitious multi-year turnaround plan, which will fund private labels, shop-in-shops and curated experiences and products to boost Target’s sales and appeal.
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