Target's $5 Billion Capex Plan Puts Stores and Technology in Focus

Target Corporation TGT is increasing capital investments to strengthen its store network, supply chain and technology capabilities. The retailer expects capital expenditures of approximately $5 billion in fiscal 2026, with spending directed toward strategic priorities that include new stores, full-store remodels and technology upgrades. Through the first half, Target deployed about $2.4 billion in capital expenditures, up nearly 30% from a year ago. Store investments remain central to the plan. Target opened 17 new stores in the second quarter, bringing the first-half total count to 24. It also had more than 100 full-store remodels underway, moving toward roughly 130 for the year.