Hello and Welcome, I am Kaitlyn Estopare, the executive of public relations at Target Corporation. Today I'll be discussing Target's future plans and how those plans will affect our customers.
Since the opening of Target stores in 1902, the corporation has done everything in its power to continue to build, adapt and bring new things for their customers. We have recently released that Target will be investing around $4 billion annually over the course of the next several years in order to expand our retail platform among all stores.
Because of sales growth, Target will be able to open new stores, remodel many of its current ones, create larger scale fulfillment services and strengthen its supply chain with current and new providers as well as providing guests with a safe, easy and convenient shopping experience.
Target has plans to keep up with the fast pace of the industry and open 30-40 new stores each year which will help meet community needs in urban areas, college campuses and suburban cities around the country.
Target is striving to accelerate its store remodel program this year with 150 remodels in time for the holiday season, with additional plans to remodel around 200 stores a year beginning in 2022. The new remodeled store design will focus on safety, with new contactless features, faster functioning same-day pick-up and more space for social distancing.
Target is so excited to see what's next for the company and to share it with all of our customers. With all of the upcoming plans for expansion and revamping, we hope to give our Target shoppers a safe, fun and easy environment to purchase all their needs from. Thank you all for being here today and get excited for what is coming with Target!
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