Target's next designer collab will be with designer Prabal Gurung, according to breaking news from Target's blog A Bullseye View. I was two years too early, but let it be known that I did predict this collab back in 2010 (here). Prabal Gurung is also one of the 24 designers participating in this year's Target x Neiman Marcus holiday gift extravaganza collection, launching December. 1st.

The Prabal Gurung for Target collection will feature a limited-edition line of women's ready-to-wear and accessories, including handbags, shoes and jewelry available Feb. 10, 2013 at all Target stores and on Target.com.

Expect "impeccable tailoring and feminine silhouettes— [f]rom refined dresses and blazers to jewelry and sleek shoes in striking prints and palettes." Prices will range from $12.99 to $199.99 for the nearly 80 item collab.

After his collection last spring, the first thing I think of when I hear the name Prabal Gurung is kaleidoscopic florals, so the first look from the Target line (shown above) is seriously exciting. What do you think?!