On Tuesday, Target Corporation (NYSE:TGT) unveiled a sweeping investment plan for 2026 to expand stores, remodel locations, and accelerate digital and AI-driven shopping initiatives.

Expansion, Remodels and AI Take Center Stage

Target plans to invest an incremental $2 billion in 2026. This includes over $1 billion in capital expenditures and another $1 billion in operating investments to accelerate growth.

In 2026, Target is planning to make an incremental $1 billion operating investment to deliver a more consistent, elevated experience for guests. 

Target also plans to increase capital investment by more than $1 billion in 2026, for a total of approximately $5 billion, to support new stores and ongoing remodels, as well as technology and supply chain investments. 

It is a part of a broader goal to establish 300 new locations by 2035. Also, the company plans to invest in full-store remodeling of over 130 stores.

The strategy focuses on transforming in-store experiences, enhancing payroll and training, and leveraging technology, including AI, to improve customer engagement and shopping personalization.

Additionally, the company aims to ...