Target Eyes 300 Stores by 2035 with 30+ 2026 Openings, 130 Remodels
Target plans to open seven new stores in March and over 30 locations in fiscal 2026, targeting 300 total units by 2035 to support CEO Michael Fiddelke’s growth priorities. The retailer will also invest in remodeling more than 130 existing stores this year to enhance customer experience and drive sales.
1. Aggressive Store Expansion Plan
Target will open seven new locations in March and more than 30 stores in fiscal 2026, aiming to grow its total footprint to 300 outlets by 2035. This long-term target underscores management’s commitment to penetrating underserved markets and capturing additional market share.
2. Extensive Store Remodel Program
In addition to new openings, Target will remodel over 130 existing stores this year. These renovations are designed to modernize layouts, integrate digital enhancements, and improve operational efficiency to boost comparable sales and customer satisfaction.
3. Strategic Growth Priorities
CEO Michael Fiddelke highlighted that the expansion and remodel initiatives align with broader growth priorities including enhancing omnichannel capabilities, optimizing supply chain logistics, and elevating the in-store experience. Management expects these efforts to drive long-term same-store sales growth and margin expansion.