Target Corporation (NYSE:TGT) announced on Thursday plans to open more than 30 new stores in 2026, marking a major step in the retailer’s long-term store expansion strategy.

The openings will include Target’s 2,000th location, scheduled to open in Fuquay-Varina, North Carolina.

The expansion is backed by Target’s $5 billion capital investment plan for 2026. The spending will support new stores, remodels, and technology upgrades designed to create a more consistent shopping experience.

The company said the investments will also improve the speed and efficiency of online order fulfillment, a key priority as retailers continue integrating digital and in-store operations.

Additionally, Target plans to invest hundreds of millions of dollars in store payroll and employee training this year to strengthen guest service.

The initiatives align with growth priorities ...