Discounter Target and department store group Neiman Marcus are to co-launch a special collection featuring more than 50 products from 24 designers this winter.

These will be created by designers including Carolina Herrera, Marc Jacobs, Oscar de la Renta and Diane von Furstenberg. The Target + Neiman Marcus Holiday Collection will be available on both retailers’ websites and in stores from December 1.

Most items are expected to be priced below $60 (£36.62). Gregg Steinhafel, Target chief executive, said: “By joining forces we have set the stage for a redefining moment in retail.”

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