Target will break the seal on 11 new stores in July

Target plans to open 11 stores in July as part of the retailer’s master plan for more than 30 new stores in 2026 and over 300 by 2035.

The retailer will open new stores in Arizona, California, Colorado, Florida, Kentucky, Massachusetts, South Carolina, South Dakota, Texas and Utah.

The Minneapolis-based retailer has a $5 billion capital plan this year and plans to remodel 130 locations.

“These new stores give our teams the tools and environments to bring our merchandising strengths to life, create easier and more inspiring shopping experiences and to use technology to move smarter and faster every day,” said Adrienne Costanzo, Target's chief stores officer.

Many of the new stores will feature Target’s food-forward selection of fresh produce, meat and dairy. Locations in Utah, Texas, Arizona, California and Florida will exceed 140,000 square feet, while the rest will exceed 120,000 square feet.

Target reported stronger-than-expected first-quarter results in May, driven by gains across merchandise categories, digital sales and advertising revenue.

The retailer said net sales rose 6.7% to $25.4 billion during the first quarter of 2026, while comparable sales increased 5.6% from a year earlier. Comparable store sales climbed 4.7%, and comparable digital sales grew 8.9%.

Customer traffic increased 4.4% compared with the same period in 2025, the company said. Sales rose across all six of Target’s core merchandising categories.

“First quarter financial results were stronger than expected, providing encouraging early signs that our clarified strategy is resonating with our guests and driving broad-based growth across our business,” CEO Michael Fiddelke said in a statement.