Target bets on $5B store revamp plan to revive sales [FOX Business Network]
Target Corporation (TGT)
Last target corporation earnings: 3/3 06:30 am
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Source: FOX Business Network
Target is moving forward with plans to expand its footprint through new, larger-format stores despite weak sales. The Minneapolis-based retailer announced last week during its earnings call that it will invest billions to upgrade existing locations and open additional large-format stores as it works to reverse its sales slump and return to profitable growth. The company will raise capital expenditures – the money it invests in long-term assets like technology and infrastructure – to $5 billion in the next fiscal year, a 25% increase or roughly $1 billion more than in 2025. Incoming CEO Michael Fiddelke said the company will use the increased capital spending to upgrade its supply chain, technology, and the key layouts of its sales floors. He added that the improvements will strengthen Target's merchandising strategy and enhance the in-store shopping experience. Fiddelke said the investment will also go toward building new large-format stores, which he told analysts "are outpa
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News
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TGT
Earnings
- 11/19/25 - Beat
TGT
Sec Filings
- 11/26/25 - Form 10-Q
- 11/19/25 - Form 8-K
- 11/4/25 - Form 4
- TGT's page on the SEC website