Target opens 5 new stores, with No. 2000 located in North Carolina

Core Insights - Target has achieved a significant milestone by opening its 2,000th store in Fuquay-Varina, North Carolina, on March 15, with additional stores opening in California, Missouri, and Texas on the same day [1][4] Expansion Plans - In 2026, Target plans to open over 30 new stores and remodel more than 130 existing locations as part of a $5 billion capital expenditure initiative announced by CEO Michael Fiddelke [2] - The company aims to open more than 300 new locations by 2035 as part of its long-term expansion strategy [6] Store Features - The 2,000th store features a food and beverage department that is 30% larger than the average Target location, which typically covers about 125,000 square feet; this new store spans 148,000 square feet and includes a CVS Pharmacy, Starbucks Cafe, and Disney Shop [4] Pricing Strategy - On March 11, Target implemented price cuts on over 3,000 products, with reductions ranging from 5% to 20% on categories such as apparel, home goods, and daily essentials [3] Workforce Adjustments - Following a restructuring, Target announced the layoff of approximately 1,800 corporate roles, with additional cuts affecting around 500 office and supply chain jobs to reallocate payroll towards store staff [7]