Target Unveils Ambitious Growth Plan Centered on Store Renovations and AI for 2026
Target lays out a multi-year growth plan for 2026 and beyond built on four priorities: merchandising leadership, accelerated technology and AI-driven personalization, an elevated guest experience, and stronger teams and communities. The plan calls for about $2 billion in incremental investment in 2026 (including over $1 billion in CapEx and more than $1 billion in operating investments), a major store transformation, payroll and training boosts, expanded digital discovery, and category upgrades across health, home, beauty, women’s style, baby, food & beverage, and fandom. It also includes faster delivery and expanded same- and next-day services, plus expansions to Target Circle, Roundel, and Target Plus. The 2026 outlook targets around 2% net sales growth and EPS of $7.50–$8.50 (GAAP & Adjusted), with forward-looking statements noted in the earnings materials.
