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Target Hits 2,000 U.S. Stores, Accelerates 2026 Buildout With $5 Billion Push

The retailer doubles down on stores to anchor a turnaround after recent sales declines.

Overview

  • The milestone 2,000th location opens March 15 in Fuquay-Varina, North Carolina, near Raleigh.
  • More than 30 new stores and over 130 remodels are slated for 2026, backed by a $5 billion capital plan plus hundreds of millions for store payroll and training.
  • Next-day delivery is expanding to 20-plus new metro areas, including Indianapolis, Memphis and Cincinnati, reaching about 60% of the U.S. population.
  • The 148,000-square-foot North Carolina store debuts Target’s food-forward format with a 30% larger grocery area, same-day services with 24 Drive Up lanes, and in-store partners CVS Pharmacy, Starbucks and Disney Shop.
  • Target plans more than 300 additional stores by 2035, with seven openings this month in California, Missouri, New Jersey and Texas.