Socialite Lydia Hearst Suffering From Schizophrenia, Egomania; J. Crew Stock Goes Bananas

  • Publishing heiress Lydia Hearst previews her new line of "Lydia" bags for Puma with the following deep thoughts: "I'm not the same person today that I will be tomorrow—I'm constantly changing. Even though it's the same bag, they're all completely different..." Right, they come in three colors. [FWD]
  • Days after Polo announces a profit-soaked quarter, J. Crew announces it, too, is raking it in. Do we sense a trend? [TheStreet]
  • In stage three of the ongoing construction of the celebrity-sartorial-complex, Hollywood moguls are swarming fashion industry executive suites. To which fashion insiders protest: "But Hollywood is too fixated on short-term buzz to ever understand fashion! To which we say: "Hahahahahahaha!" [WWD]
  • Despite fashion critic Cathy Horyn's endorsement of their cargo pants, Wal-Mart is shifting its focus away from "trendy" pieces back to under-$20 basics. [WWD]
  • Photographer Mario Testino has a secret crush on... Mario Testino! Or so he told crowds at the London College of Fashion when asked who his favorite photographer was. [Vogue UK]
  • To the underwhelm-ment of activists, Nike says it wants the people who make its sneakers to fare better, announcing efforts to prevent excessive overtime amongst its factory employees and providing them education regarding unionization. [WSJ]
  • You can buy a pair of jeans in England for the same price of a cup of coffee? Seriously? [Guardian]