Target and Neiman Marcus Join Forces on Unprecedented Holiday Collection
MINNEAPOLIS - July 10, 2012
Target® Corp. (NYSE: TGT) and Neiman Marcus, two visionaries in the retail industry, today announced a revolutionary partnership that will bring together 24 of America's most talented designers to create a limited-edition holiday collection. Beginning Dec. 1, just in time for the busy holiday shopping season, the collection will be available at all Target and Neiman Marcus stores, as well as online at Target.com and NeimanMarcus.com.
"Target and Neiman Marcus are known for charting new terrain, and by joining forces for the holiday season, we've set the stage for a redefining moment in retail," said Gregg Steinhafel, chairman, president and chief executive officer, Target. "This collaboration is unlike anything Target has done before, and we are confident our guests will be thrilled with this extraordinary collection that features some of America's most preeminent designers."
"Neiman Marcus and Target share a passion for great design and delighting customers in new and unexpected ways," said Karen Katz, president and chief executive officer, The Neiman Marcus Group. "We are thrilled to be collaborating to offer a spectacular and special collection of one-of-a-kind items for the holidays. These will be the "must-have" gifts, whether you are a loyal Neiman Marcus customer, a devoted Target guest or a fan of American design."
The Target + Neiman Marcus Holiday Collection includes an eclectic and diverse mix of more than 50 limited-edition gifting products. The collection ranges from $7.99 to $499.99, with most items less than $60. Designers who created pieces for the collection include:
Skaist-Taylor
Philip Crangi
Eddie Borgo
For decades, Target and Neiman Marcus have shared a commitment to incredible design and innovative retail experiences. By partnering together, the retailers are harnessing the power of both their beloved brands to offer shoppers a truly unforgettable holiday collection. To celebrate the unprecedented partnership, Target and Neiman Marcus are donating a total of $1 million to the Council of Fashion Designers of America (CFDA). The donation underscores the retailers' long-standing commitment to fostering design talent and recognizes the 24 designers, all of whom are members of the CFDA.
"I can think of no better finale to CFDA's 50th Anniversary celebration than through this extraordinary designer collaboration," said CFDA President Diane von Furstenberg. "As designers, creativity is our best gift, and with the generous support of Neiman Marcus and Target, we are happy to have created specially designed products as a thank you to share with our consumers and friends."
More information about the Target + Neiman Marcus Holiday Collection, including details about the products created by each designer for this limited-edition engagement, will be available in the fall of 2012. In the meantime, updates on the partnership will be shared via ABullseyeView.com and NMdaily.com. On Twitter, design enthusiasts can follow @ABullseyeView or @NeimanMarcus, #Holiday24.
Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,763 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its income through community grants and programs; today, that giving equals more than $3 million a week. For more information about Target's commitment to corporate responsibility, visit Target.com/hereforgood.
About Neiman Marcus
The Neiman Marcus Group, Inc. operations include the Specialty Retail Stores segment and the Direct Marketing Segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. The Direct Marketing segment conducts both print catalog and online operations under the Neiman Marcus, Bergdorf Goodman and Horchow brand names. Information about the Company can be accessed at www.neimanmarcusgroup.com.
About the Council of Fashion Designers of America
The Council of Fashion Designers of America, Inc, (CFDA) is a not-for-profit trade association founded in 1962 that leads industry-wide initiatives and whose membership consists of more than 400 of America's foremost womenswear, menswear, jewelry, and accessory designers. In addition to hosting the annual CFDA Fashion Awards, which recognize the top creative talent in the industry, the organization offers programs which support professional development and scholarships, including the CFDA/Vogue Fashion Fund, the Geoffrey Beene Design Scholar Award, the Liz Claiborne Scholarship Award, the CFDA/Teen Vogue Scholarship, and the Gilt All Star Scholarship. Member support is provided through the Business Services Network, a high-profile group of companies offering designers strategic opportunities. The CFDA Foundation, Inc. is a separate, not-for-profit organized to mobilize the membership to raise funds for charitable causes. Through the Foundation, the CFDA created and manages Fashion Targets Breast Cancer; raises funds for HIV/AIDS organizations with 7th on Sale; addresses the issue of model health with The CFDA Health Initiative; and is a key participant in other programs such as the annual Fashion's Night Out. For more information, please visit www.CFDA.com, facebook.com/cfda, twitter.com/cfda, cfda.tumblr.com, and youtube.com/cfdatv.
multimedia downloads
We strive to return all of our media inquiries within one business day.
press@target.com
Target rss feeds
visit Target Help
investorrelations@target.com
leadership at Target