Minneapolis, MN — March 5, 2026 — In a bold move to enhance its retail footprint and drive sustainable growth, Target Corporation (NYSE: TGT) announced today its plans to open over 30 new stores this year, marking a significant milestone with the launch of its 2,000th location in Fuquay-Varina, North Carolina. This expansion is part of a comprehensive strategy aimed at improving customer experience and accelerating the company’s growth trajectory.

1. A New Era of Store Investments

Target's decision to ramp up store openings is underscored by a substantial $5 billion capital investment plan for 2026. This financial commitment reflects the company’s dedication to providing a more consistent and elevated shopping experience. Key components of this strategy include:

Technology Integration: The investment will enable Target to leverage technology to fulfill online orders more efficiently, making the shopping experience easier for guests.

Enhanced Guest Services: Hundreds of millions of dollars will be allocated to improve store payroll and training, ensuring that customer service remains a top priority.

CEO Michael Fiddelke emphasized that these growth priorities will guide Target's strategic decisions as the company looks to the future.

2. Celebrating the 2,000th Store

The new 148,000-square-foot location in Fuquay-Varina stands as a testament to Target's commitment to elevating the guest experience. Key features of this store include:

Spacious Layout: Designed for easy navigation, the store has received high satisfaction ratings from customers, with 92% expressing overall satisfaction in recent surveys.

Food-Forward Prototype: The store boasts a food and beverage department that is 30% larger than the chain average, showcasing a wide array of both national and Target-owned brands.

Convenient Services: It will offer same-day services, including 24 Drive Up pickup lanes, Order Pickup, and next-day delivery options throughout the Raleigh market.

One-Stop Shopping: With a CVS Pharmacy, Starbucks Cafe, and a Disney Shop at Target, this location aims to provide a comprehensive shopping experience.

This store will also be Target's 55th in North Carolina, a state where the company has established a strong presence since 1995. Last year, Target donated $8.9 million to local charities in North Carolina and its team members volunteered over 25,000 hours to support local nonprofits.

3. Expanding Beyond Fuquay-Varina

In addition to the milestone store opening, Target is set to open six additional locations this March in various cities, including Bakersfield and Delano in California, Springfield in Missouri, and West Orange and Jersey City in New Jersey, alongside a location in Dallas, Texas. This expansion will include over 130 store remodels and the introduction of next-day delivery in more than 20 new metro areas, reaching 60% of the U.S. population.

4. Commitment to Community and Growth

Adrienne Costanzo, Target's Chief Stores Officer, highlighted the company’s commitment to community engagement. “Every time we open a new Target store, we're planting roots in that community,” Costanzo stated. The expansion not only enhances shopping experiences but also contributes to local economies by creating jobs and supporting nonprofits.

5. Conclusion

As Target embarks on this new chapter of growth, its substantial investments in store openings and enhancements signal a robust approach to meeting customer demands while fostering community engagement. With a focus on delivering an effortless shopping experience and a commitment to sustainable growth, Target is poised to not only thrive but also uplift the neighborhoods it serves.

For more information about Target’s corporate initiatives and community contributions, visit the corporate website.

Original press release