I'm generally pretty unexcited about Target's design collaborations, but today the brand announced the next in queue - Prabal Gurung – one of the most-celebrated young designers in fashion today.

Gurung, who has dressed everyone from Lady Gaga to First Lady Michelle Obama, will create a limited-edition capsule collection of women’s ready-to-wear and accessories, including handbags, shoes and jewelry. The collection (first look above) promises "impeccable tailoring and feminine silhouettes" at prices ranging from $19.99 - $199.99, and will be available Feb. 10 through March 23, 2013, or while supplies last, at all Target stores and Target.com.