By Kelly Collis, The Tommy Show

Breaking this morning from the fashion world a new designer collaboration from Target. Target will partner with Neiman Marcus for a special holiday collection. A preview of these eclectic gifting items will be released on October 16 and the collection hits stores on December 1. Items will range in price from $7.99 to $499.99, with most items less than $60, the collection’s designer roster includes Alice + Olivia, Altuzarra, Band of Outsiders, Brian Atwood, Carolina Herrera, Derek Lam, Diane von Furstenberg, Eddie Borgo, Jason Wu, Judith Leiber, Lela Rose, Marchesa, Marc Jacobs, Oscar de la Renta, Philip Crangi, Prabal Gurung, Proenza Schouler, Rag & Bone, Robert Rodriguez, Rodarte, Skaist-Taylor, Thom Browne, Tory Burch and Tracy Reese.

All of the participating designers are members of the Council of Fashion Designers of America (CFDA), which is why Target and Neiman Marcus will also be donating $1 million to the council. The money will be used to support fashion design talent through scholarships, mentoring and business development programs.