Target has announced it’s planning to open around 30 new stores and complete over 130 full-store remodels in 2026 as part of a multiyear strategy to “accelerate its return to growth” under new CEO Michael Fiddelke, who took over on February 1. During an investor meeting, Target said it will increase 2026 capital spending to about $5 billion—more than $1 billion above last year—to fund the new store openings and full‑store remodels. Alongside this, Target also confirmed it will invest an