Earlier I had posted about the designer collection coming to Target with a tie-in partnership with Neiman Marcus. With the likes of Tori Burch, Marc Jacobs and Diane Von Furstenburg I was cautiously excited.
I’ve done the outlet shopping and I know that most of those stores at the outlet produce some great pieces but if you think you’re going to get a $1000 purse for $250 you will be sadly mistaken. You will definitely get some great high quality items for $250 but they are not the same materials or designs in the designers store on 5th Avenue. However when Target and Neiman Marcus came forward with the proposed holiday designer collection I was hoping for the designers iconic items. A Tori Burch pair of shoes or bag, a classic Diane Von Furstenberg wrap dress or some killer Marc Jacobs sunglasses. However when I hit target.com I was shockingly surprised on the collection items. Dog bowls, yoga mats, odd clutch bags, unusual decorative items. Not one item in the entire collection I would want no matter who designed them.
Apparently I am not alone. The Wall Street Journal on Dec 4 posted an article that the collection had weaker than projected sales though both Target and Neiman Marcus defend the numbers and claim their happy. Today however the Huffington Post had a piece about the items that are left online are at 50% off. To me thats a sign that this may not have worked as expected.
Either way if you’re looking for that Oscar de la Renta pet bowl you always wanted get to Target. You may get it for a steal but that depends on your view.
It’s been a while since I posted and this is perfect article from the Wall Street Journal to to kick me back in. Target and Neiman-Marcus are teaming up to provide a 50 item limited-edition collection of some top designers. Now I LOVE my designer items and I definitely can’t buy at Neiman-Marcus prices on the regular but I have mixed feelings on this partnership. (Picture from Associated Press)
Though I do think that a way to get some Diane Von Furstenberg wrap dresses or some Tory Burch shoes/purses at a cheaper price (albeit lesser quality fabric) can be awesome will this provide Neiman-Marcus what they need? They’re looking to bring in a younger less affluent clientele via this taste of the good life but when does owning a Target Burch Bag equate to me having to have the top tier line for hundreds of dollars.
On the same hand all those folks with the top tier line items will only want to seperate themselves by the old “Oh this is a Tory Burch bag but not the Target one.” I guess only time will tell but I’m sure I’ll be online trying to score some of this Target line.
After talking about Apple and their huge profits I then read about my girl Betsey Johnson getting ready to file for bankruptcy. Apparently her licensing company has been having financial issues for a while however they have reached the point of no return. Sadly most of the stores will be closed.
On the bright side we (I) will still be able to purchase her fabulous creations at retail department stores. I’ve been trying to figure out the best time to break out my pink leapard peep toes. Tomorrow maybe. In her honor of course.
Stock prices for Michael Kors the Luxury fashion brand hits a high since their debut late 2011. Jumping 26% maybe a sign that people are saving less and spending more for high end brands or it may just be the brand. I’m biased as I’m a huge MK fan.
(Photo credit\Reuters Brendan McDermid and article credit\Meenakshi Iyer)