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Target plans to invest about $4 billion annually in new stores, remodels and fulfillment services as it targets consumers whose shopping preferences have been altered by a once-in-a-lifetime pandemic.
Target opened 30 stores in 2020 and now boasts nearly 1,900 U.S. locations. Its goal is to open 30 to 40 new stores a year, ranging from small-format to midsize locations. “Dense suburban cities” like Denver and Brooklyn are on the list, as are sprawling college campuses.
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