Target set to open its 2,000th store, plans to open hundreds more in next decade
TargetTarget(US:TGT) Fox Business·2026-03-06 03:41

Core Insights - Target is set to open its 2,000th store in Fuquay-Varina, North Carolina, on March 15, marking a significant milestone in its expansion strategy [1] - The company plans to open 30 new stores this year and aims for a total of 300 new stores by 2035, focusing on long-term sustainable growth through store investments [4] - Target emphasizes enhancing the shopping experience with upgraded store layouts, same-day services, and a focus on community engagement [2][5] Expansion Plans - The new store in North Carolina will be 148,000 square feet and will feature a CVS Pharmacy, Starbucks Cafe, and Disney Shop [1] - Additional new stores are scheduled to open this month in various locations including California, Missouri, New Jersey, and Texas [4] - Target has identified over 40 communities across 25 states for future store openings, with Florida, North Carolina, and Texas being the primary states for expansion [7] Store Upgrades and Services - The company plans to remodel over 130 existing stores alongside the new openings [8] - Next-day delivery services will be launched in more than 20 new metro areas, reaching 60% of the U.S. population [8] - Target aims to create a more enjoyable shopping experience by investing in technology and staffing [5][12]

Target set to open its 2,000th store, plans to open hundreds more in next decade - Reportify