Target's move, which follows a similar deal between Walmart and OpenAI, comes as the retailer is struggling with declining sales.

Walmart has blown past Target in their long-running rivalry.

For years, Target was the bright, stylish alternative to big-box drudgery — the chain shoppers joked they were “only running into for one thing,” then leaving with a cartful. But the retailer that once defined “cheap chic” is suddenly struggling to survive in a consumer landscape that has rapidly shifted beneath its feet.

Target’s plan to fix its continuing sales slump involves billions of dollars in investment. Incoming Chief Executive Michael Fiddelke said the retailer would invest about $1 billion more next year to improve stores, its merchandise selection and digital capabilities, bringing total new investment next year to $5 billion.

Both Walmart and Target are preparing for leadership changes at the top, yet Walmart’s incoming CEO has wind at his back, while Target’s faces daunting challenges.

Analysts are wary Michael Fiddelke’s plan won’t be quick enough to stem the Minneapolis-based retailer’s slide.

The Grinch Graphic Sweatshirt in Cream features a wraparound design of the cartoon curmudgeon stealing Christmas in real time. It’s available in sizes for adults, kids and toddlers, and priced at $25, $18 and $12, regularly, but if you shop fast, you can get it for $15, $11 and $7, respectively.

MP Materials stock jumped on Monday after the rare-earth materials producer caught an upgrade with a caveat of sorts.The upgrade came with a lower price target, which sums up trading activity in the rare-earth sector.