Target to Open 30+ Stores in 2026, Marks 2,000th Store, Remodels 130+

Target said it will open more than 30 new stores in 2026, including its 2,000th location in Fuquay‑Varina, North Carolina, and will accelerate more than 130 full‑store remodels while deploying roughly $2 billion in investments and hundreds of millions for training and additional payroll. The announcement appears in a company press release dated March 5, 2026.

The retailer framed the openings and remodels as part of a longer runway for physical growth, setting a long‑term target to open about 300 new stores by 2035 while expanding this year’s footprint by more than 30 locations. Target’s Fuquay‑Varina store is slated to mark the 2,000th location later in March 2026, with company materials indicating the opening will occur by the end of the month.

Target said the company will push ahead with more than 130 full‑store remodels in 2026 to refresh layouts and modernize spaces, a move tied to plans to elevate in‑store experience and strengthen assortment areas. The remodeling program is presented alongside operational investments intended to improve store-level execution and guest-facing standards.

Reporting on the company’s spending plans shows a planned investment of $2 billion in 2026, described as $1 billion in operating investment plus $1 billion in capital expenditures. That reporting also indicates Target is taking total capex to nearly $5 billion to support remodels, new stores, supply chain upgrades and technology. In the same coverage, the company’s materials said “hundreds of millions of dollars will be directed to training and additional payroll for the year 2026” to lift in‑store service and staffing capacity.

Target ties its store network directly to digital fulfillment: company data show same‑day services, including Drive Up and in‑store pickup, account for roughly two‑thirds of its digital sales. That fulfillment mix underscores why the company is pairing new store openings with conversion work on existing locations and investments in supply chain and technology.

The multi‑year expansion and investment plan is being presented under CEO Michael Fiddelke as a push to strengthen Target’s presence in both existing and new markets. The company press release is dated March 5, 2026; some media coverage noted the announcement as occurring earlier in the week, and timing for the Fuquay‑Varina opening is described in company materials as later in March.

Taken together, the plan links store growth, a large remodeling cadence and targeted spending on pay and training to Target’s strategy of using its physical network to sustain same‑day fulfillment and digital sales growth while pursuing a roughly 300‑store expansion through 2035.