Target’s $2 billion turnaround bet: new CEO flags a path back to growth
Target Corporation plans to boost capital spending by $2 billion in 2026, with money earmarked for store remodels, hiring, and technology upgrades as CEO Michael Fiddelke looks to revive growth. Capital expenditures are set to reach roughly $5 billion, covering more than 30 new store openings and over 130 full remodels this year, according to the company.