Target to Invest $2B in 2026, Open 30+ Stores and Remodel 130
Target plans to reinvest over $2B in 2026, allocating $1B to open 30+ stores and remodel 130 locations while boosting food and beverage sales by $9B since 2019. Investments in AI-driven personalization and digital tools aim to drive low-single-digit sales growth and expand operating margins.
1. Investment Breakdown
Target plans to allocate more than $2B in 2026, with $1B dedicated to opening over 30 new stores and remodeling 130 existing locations to modernize layouts and enhance performance in high-traffic categories such as food and beverage.
2. Store Network and Fulfillment
With nearly 2,000 stores within 10 miles of 75% of U.S. consumers and 97% of sales fulfilled through stores, Target leverages its physical footprint for services like Drive Up, order pickup and same-day delivery, reinforcing its omnichannel model.
3. Technology Investments
The retailer is channeling investments into AI-driven personalization, digital customer tools and operational technology to deliver tailored offers, streamline store operations and support in-app experiences.
4. Financial Outlook
Management anticipates low-single-digit sales growth in 2026, accelerating to low-to-mid-single-digit levels over time, while aiming to expand operating margins through higher-margin streams including Roundel advertising and third-party sales on Target Plus.