Minneapolis-based discount retailer Target and luxury department store Neiman Marcus will each offer more than 50 products by 24 top designers starting December 1. The limited-edition collection will be available in stores and online -- with most items less than $60.

The high-fashion designs of Prabal Gurung, whose creations have been worn by Michelle Obama and Lady Gaga, will be available at Target stores next February, the Associated Press reports. The designer is the latest to plan a limited-edition collaboration with the Minneapolis-based retailer.

The Associated Press reports the retailer is partnering with owners of specialty shops to stock affordable, limited edition merchandise. Target says it will feature products from five shops starting in early May. The shops will be open for six weeks, then Target will rotate in a slew of other shops in the fall.

Some 6-piece flashlight sets sold at Target stores can heat up, smoke or melt, causing fires and burns. There have been four incidents involving the product, including two minor burns. See the federal safety commission's website for more details.

The Minneapolis-based discount retailer has launched an online charitable partnership with the Washington, D.C.-based Family Equality Council. Target says the partnership is unrelated to the 2010 political donation given to a group that supported Republican gubernatorial candidate Tom Emmer, who openly opposed gay marriage.

The C9 Active Apparel store in San Francisco will be the Minneapolis-based retailer's first standalone specialty store. It will carry a line of athletic clothing that Target already sells at its regular stores.