A shirtless and soaking wet David Beckham appears on the cover of British Elle. As promised, Beckham is the first man to score a solo cover of the women's magazine — ever. Inside, the soccer star says such insightful things as, "How would I sum myself up? I don't know, I prefer other people to do that. Erm, a little bit shy. I don't know what to say, I hate describing myself." [Elle UK]
- Economists are forecasting that U.S. apparel and footwear spending will contract to $344 billion by 2020 (down from $351 billion in 2010) as Millennials replace Baby Boomers as the key cohort. It's not that Millennials are spending less on nonessentials than Boomers are — but they are spending more on tech-y gadgets and the category analysts are calling "leisure and recreation" than they are on clothes. [WWD]
- Seth Myers will host next week's Council of Fashion Designers of America Awards, and Matthew Crawley himself — in the person of actor Dan Stevens — will present the women's wear award along with Jessica Chastain. [WWD]
- Now that Versace is profitable again, after encountering difficulties during the Great Recession, the family-owned company is said to be considering bringing in outside investors, or even going public, to fund future growth. The brand is working with Goldman Sachs. [Reuters]
- Giuliana Rancic says that her fashion line will be extra doubleplusgood because she sees trends before they happen. She sees trends, people. They're all around us. Rancic's line for HSN launches on September 21. [WWD]
- Meanwhile, Russell Simmons is re-re-re-re-launching his fashion line, Argyleculture, this time with Joseph Abboud. [WWD]
- Armani is going to hold some sort of discussion about fashion on Twitter (clunky hashtag: #ArmaniTweetTalks) with Susanna Lau, the editor of Vogue China, and the founder of Yoox. Sounds enlightening. [WWD]
- And now, a moment with Carmen Dell'Orefice, who has been modeling for 66 years. Carmen, what makes a model great?
"Modeling when I started was a real career, for girls now it isn't. Most young girls starting in the business can't make a real living as a model. It is a stepping stone if they are smart and they know how to save the money. Most people don't know how to, because they're told that they'll be better people if they have a Manolo Blahnik shoe, or an expensive purse. I encourage a lot of young people to save their money and not to buy into the marketing. Don't ever think that 'If I buy this other people will notice me.' You don't want other people to notice you, notice yourself first."