Target to open 8 stores in October
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The new locations, including one in the Hamptons, are part of its strategic plan to launch over 300 new stores by 2035. First published on Target is growing its national store count as part of its strategic plan. Last fall, the retailer said it would pour an additional $1 billion into its business this year on top of $5 billion on new stores, remodels, technological improvements and other capital expenditures. "These new stores give our teams the tools and environments to bring our merchandising strengths to life, create easier and more inspiring shopping experiences, and use technology to move smarter and faster every day," Adrienne Costanzo, chief stores officer at Target, said in the release. The company is also remodeling 130 locations and offering next-day delivery in an additional 20 metro areas in 2026. Earlier this year, the retailer opened its 2,000th store in Fuquay-Varina, North Carolina, which featured an open layout design and a food and beverage department that is 30% larger than the average location. In April, the company announced six more store openings in Arizona, Missouri, New Jersey and North Carolina for the following month. Target is continuing its new and updated store rollout following a successful second quarter. In its second quarter, the company's net sales increased 5.3% from a year prior to $26.5 billion, and comparable sales rose 3.8%. Its net...
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