Target Corporation announced that it was ending its five-year contract with Isaac Mizrahi for Target collection.

Isaac Mizrahi, the designer who helped create the image of Target as a style destination, has accepted a new opportunity as creative director for the Liz Clairborne brand at Liz Clairborne Inc.

The Isaac Mizrahi for Target collection made its debut in 2003 with a line of women's apparel, accessories and shoes. It will continue to be available exclusively in select Target stores and at Target.com through the end of 2008.

Target Corporation, which opened its first store in 1962, serves guests at 1,591 stores in 47 states worldwide.