Target opens 5 new stores, with No. 2000 located in North Carolina
Target opens 5 new stores, with No. 2000 located in North Carolina
Mike Snider, USA TODAYSun, March 15, 2026 at 10:05 AM UTC
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Target has hit a retail milestone: the opening of its 2,000th store.
The Minneapolis-headquartered retailer opens the watershed location on Sunday, March 15, in Fuquay-Varina, North Carolina, just southwest of Raleigh. Four other new stores also open that day: two in California and one each in Missouri and Texas.
During 2026, Target is planning to open more than 30 stores and remodel over 130 stores, the company has said. The expansion is part of $5 billion in capital expenditures announced by CEO Michael Fiddelke during Target's investor day on March 3.
The goal? "We're making big changes to lead with a trend-forward assortment, elevate the guest experience, accelerate with technology and equip our teams to deliver the most delightful experience in retail, for today and over the long term," Fiddelke said in a statement.
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Target also moved March 11 to cut prices on more than 3,000 products, with apparel, home goods and daily essentials being reduced by 5% to 20%.
A view of a Target store on March 5, 2025 in Novato, California. The retailer plans to open 30 stores in 2026.Where is Target opening new stores?
Target is opening seven new stores this spring, including five on March 15, with two opening March 29. Here are the locations:
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6301 Gosford Road, Bakersfield, California (March 15)
321 Woollomes Avenue, Delano, California (March 15)
3444 W. Sunshine Street, Springfield, Missouri (March 15)
3200 Gold Ring Road, Fuquay Varina, North Carolina (March 15)
655 W. Illinois Avenue, Dallas, Texas (March 15)
104 Sip Avenue, Jersey City, New Jersey (March 29)
235 Prospect Avenue, West Orange, New Jersey (March 29)
The 2000th store, located in Fuquay-Varina, North Carolina, has a food and beverage department that is 30% larger than the company's average location. At 148,000 square feet, the store also houses a CVS Pharmacy, Starbucks Cafe and Disney Shop at Target. The average Target store covers about 125,000 square feet, the company says.
Target plans to open more than 300 new Target locations by 2035 as part of its expansion plans. The company's announced plans come a month after Target cut about 500 office and supply chain jobs to increase payroll for store staff.
Fiddelke, who took over as CEO in February, had said in October the company would cut around 1,800 corporate roles in its first major layoff in about a decade.The company will lay off around 100 people at the store district level and about 400 across its supply chain sites, the internal email sent to employees by Adrienne Costanzo, chief stores officer, and Gretchen McCarthy, chief supply chain and logistics officer, said.
A new Target in Springfield, Missouri, opened on Thursday, March 12, ahead of its scheduled grand opening on March 15.
The retailer has struggled and reported a 2.5% comparable sales decline during the three-month period that ended Jan. 31 and included the holiday shopping period. However, Fiddelke forecast net sales growth for each quarter this year.
"Target’s strong balance sheet gives it the financial wherewithal to execute" its expansion plans, said Carol Levenson, director of research for Gimme Credit, in a research note. But Levenson said she remained "skeptical about a miraculous turnaround."
Contributing: Reuters
Mike Snider is a national trending news reporter for USA TODAY. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @mikegsnider.bsky.social & @mikesnider & msnider@usatoday.com.
This article originally appeared on USA TODAY: Target opening new stores in March. Its 2000th is in North Carolina
Source: “AOL Money”
