Target plots 30-plus new openings, 130-plus remodels for 2026
Target Corporation has big plans for 2026 — including reaching a major store count milestone.
The discount chain will open more than 30 new stores this year, including its 2,000th location in Fuquay-Varina, N.C., along with more than 130 store remodels. Target’s long-term investment plan will add more than 300 new stores by 2035.
"Guests tell us all the time they want a Target closer to home, and this investment helps us do exactly that," said Adrienne Costanzo, chief stores officer at Target. "That means even more neighborhoods will get the full Target experience: trend-forward style and value, technology that makes the trip effortless and awesome teams who deliver easy, inspiring and friendly moments every single day."
Earlier this week, Target detailed its turnaround strategy at its investor day presentation in Minneapolis. Among other things, the retailer is increasing its capital expenditures for its current fiscal year by 25% to about $5 billion to support new stores and ongoing remodels, technology and supply chain investments. It also is planning to make an incremental $1 billion operating investment tin 2026 to deliver a more consistent, elevated experience.
In March, Target is slated to open seven new locations, with stores in Bakersfield and Delano, Calif.; Springfield, Mo.; Jersey City and West Orange, N.J.; Dallas; and Fuquay-Varina, N.C.
2,000th store
The retailer says its 2,000th location in Fuquay-Varina is Target's latest food-forward prototype, with a food and beverage department that is 30% larger than the chain average, offering an extensive selection of private and national brands. The store will also feature same-day services including Drive Up with 24 pickup lanes, Order Pickup and same-day delivery, along with next-day delivery options throughout the Raleigh market.
The Fuquay-Varina store will be Target’s 55th store in North Carolina, where the retailer also operates a regional distribution center and has had a presence since 1995.
"Every time we open a new Target store, we're planting roots in that community," added Costanzo. "That means in addition to delivering a better shopping experience that's faster and more reliable, we're creating growth and opportunity – through good jobs, support for local nonprofits and long-term economic investment in the neighborhoods we serve. When our teams and communities thrive, so do we."
[READ MORE: Leadership shakeup at Target includes departure of two company veterans]
Minneapolis-based Target operates nearly 2,000 stores nationwide.
