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Target to Spend $5B to Enhance Operations in 2022, Plans 250 More Ulta Beauty Shop-in-Shops

March 3, 2022

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Target has big plans for 2022, with the retailer announcing plans to invest up to $5 billion this year to open new stores, enhance its digital, fulfillment and supply chain capabilities, and expand its shop-in-shop concept with Ulta Beauty. The news comes on the heels of an announcement that Target will invest up to $300 million this year to increase the starting wage range and expand healthcare access for its workers.

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