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.
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