Target (TGT) outlined Tuesday its plans to drive more than $15 billion in sales growth by 2030, including the introduction of new product assortments and expansion of its Target Plus marketplace.
The company said it would invest in building "further momentum" in its core discretionary categories while accelerating growth in frequency categories.
Target also said it would "invest significantly" in further blending its social, digital and in-store services.
The company said it plans to open over 300 more stores over 10 years, with about 20 new outlets expected to launch in 2025, while remodeling some of its existing ones to reach more consumers.
Target shares were down 3.7% in recent Tuesday trading.
Price: 116.32, Change: -4.44, Percent Change: -3.68
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