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Target will increase 2026 capital spending to about $5 billion to fund the new store openings and remodels.
In some cases, Target is on track to take over buildings vacated by long-gone retailers.
The new C.E.O. said the company would focus on home décor, apparel and pop culture trends in an effort to reverse years of ...
Target's turnaround strategy focuses on "busy families" and returning to its reputation as a store with trendy products, executives said.
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Target is investing billions in remodels, merchandising and same-day delivery as its new CEO works to boost traffic and restore annual sales growth.
Target reported dismal earnings, but new CEO Michael Fiddelke unveiled a $6B turnaround plan for 2026. However, analysts are skeptical leadership can turn the page.