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Target opens 30 stores this year, including 'food-forward' prototype
Target plans over 30 new stores and 130 remodels in 2026, investing $5 billion to enhance groceries, digital fulfillment, and customer experience, CEO Michael Fiddelke said.
- On Thursday, Target announced plans to open more than 30 new stores in 2026, including its 2,000th location, a 148,000-square-foot Fuquay-Varina store, the first of this year's openings.
- CEO Michael Fiddelke is doubling down on physical retail to reverse declining sales, backed by a $5 billion capital investment plan for 2026 supporting new stores and more than 130 full-store remodels.
- The Fuquay-Varina location showcases a larger grocery footprint and curated in-store partners, featuring a food and beverage department 30% larger than chain average with Drive Up, Order Pickup, same-day and next-day delivery reaching 60% of the U.S. population.
- Target is also committing community resources, including volunteer hours and multimillion-dollar donations, with Target team members volunteering more than 25,000 hours in North Carolina in 2025 and donating $8.9 million last year.
- The move positions Target to expand with over 30 stores this year, supported by 92% of shoppers reporting high satisfaction with the new format, and a goal of more than 300 stores by 2035.
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The New York Ledger
The New York LedgerTarget set to open its 2,000th store, plans to open hundreds more in next decade
Target announced on Thursday it will open its 2,000th store this month in North Carolina as part of an expansion that will include dozens more stores opening this year.The milestone 2,000th location will open in Fuquay-Varina, North Carolina, on March 15. It will be Target's 55th store in North Carolina. The new 148,000-square-foot store, located near Raleigh, will include a CVS Pharmacy, Starbucks Cafe and Disney Shop inside.The company said th…
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Total News Sources18
Leaning Left2Leaning Right1Center10Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
15%
C 77%
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