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Target and Neiman Marcus partner on holiday 2012 collection

BY Katherine Boccaccio

New York — The retail industry is buzzing as a discounter giant and a luxury stalwart form an unprecedented partnership.

Target Corp. and Neiman Marcus Group announced Tuesday they have joined to market a joint holiday 2012 limited collection that ranges from fashion to sporting goods.

More than 50 products will be available at both stores and on their websites starting Dec. 1 until they sell out. The pair feels the partnership makes more sense than people might think.

“We definitely have our differences,” said Kathee Tesija, executive VP merchandising, Target. “[Neiman Marcus] is high end, and we’re mass appeal. But we both love designs.”

Neiman Marcus Group senior VP and CMO Wanda Gierhart added: “Customers love innovation, and they want a surprising shopping experience.”

Gierhart described the partnership as a modern approach to cross-shopping, and said that the two have been trying to find a way to partner for a couple of years. Neiman’s suggested the holiday collection, and it was ultimately developed by 50 executives from both companies.

The collection will have its own area in each store, but will vary by retailer. A joint TV, print and social media campaign is slated to launch in November.

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S.Tran says:
Apr-26-2013 09:34 pm

ChatRandom
We definitely have our differences,” said Kathee Tesija, executive VP merchandising, Target. “[Neiman Marcus] is high end, and we're mass appeal. But we both love designs.”ChatRandom

S.Tran says:
Apr-26-2013 09:34 pm

We definitely have our differences,” said Kathee Tesija, executive VP merchandising, Target. “[Neiman Marcus] is high end, and we're mass appeal. But we both love designs.”ChatRandom

P.Lopez says:
Apr-10-2013 01:38 pm

Chatrandom.com
More than 50 products will be available at both stores and on their websites starting Dec. 1 until they sell out. The pair feels the partnership makes more sense than people might think. Chatrandom.com

P.Lopez says:
Apr-10-2013 01:38 pm

More than 50 products will be available at both stores and on their websites starting Dec. 1 until they sell out. The pair feels the partnership makes more sense than people might think. Chatrandom.com

R.Ponting says:
Mar-02-2013 09:27 pm

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R.Ponting says:
Mar-02-2013 09:27 pm

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Survey: Mobile payment use more doubles in a year

BY Marianne Wilson

Framingham, Mass. — Mobile payments have more than doubled in popularity reaching over 33% of survey respondents, according to IDC Financial Insights’ eighth annual Consumer Payments Survey.

The new report, “Business Strategy: Results from the 2012 Consumer Payments Survey,” found that those that of whose had made a mobile payment, more than half used PayPal Mobile (56%), with Amazon Payments and Apple’s iTunes service statistically tied at about 40%.

In addition, prepaid cards showed strong growth, particularly in the network branded and benefit submarkets.

Other key findings include:

  • For the second year in a row, both biller and bank-operated online bill pay sites were used by more than 50% of the respondents. Overall, 73.5% of U.S. consumers now use online bill payment. This confirms that online bill payment is now the dominant way we pay bills in the United States.
  • Despite the popularity of digital downloads, such as apps and music, more respondents reported buying physical goods with their phones than online services, digital goods, or virtual currency.
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Target, Neiman Marcus design a new kind of partnership

BY CSA STAFF

MINNEAPOLIS and DALLAS — Target and Neiman Marcus have joined forces for a unique partnership that will bring a limited-edition holiday collection to both stores beginning Dec. 1. The collection will also be available 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.”

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 Alice + Olivia, Altuzarra, Carolina Herrera, Derek Lam, Diane von Furstenberg, Jason Wu, Judith Leiber, Lela Rose, Marchesa, Oscar de la Renta, Proenza Schouler, Rag & Bone,Tory Burch and Tracy Reese.

“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.”

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.”

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