• Today in pointless clothing lines of the stars: Miley Cyrus and Max Azria's Wal-Mart collection! The digs look well worth every penny of their sub-$20 price point. [Lucky]
• Now, even the Kings of Leon has one. [Blackbook]

• Lady Gaga wants in on the action. On starting a clothing line, she told Flare magazine, "At some point, I will. Right now, I'm more concerned with using my fame to promote young designers such as Gary Card, an artist who designed a piece I used on stage." Why would she do such a thing? "There hasn't been a commercial artist lately that has embodied avant-garde and couture so insistently as myself." [ONTD]
• Gaga has one new position to console herself with: M.A.C. Viva Glam AIDS fund face. Cyndi Lauper will co-star in the campaign to sell lipstick and raise money for research. [WWD]
• The British Fashion Council and British Vogue are launching a fashion prize to encourage young talent, somewhat along the lines of the American Vogue/CFDA Fashion Fund awards, which kicked off in 2003. £200,000 will be awarded to one UK designer who can demonstrate he or she has international stockists, a media profile, and demonstrated need of the money. [Telegraph]
• Angelina Jolie and Shiloh are apparently fans of Stella McCartney's line for GapKids. [Radaronline]
• That Christian Louboutin made his first public appearance in Washington, D.C., under Obama's watch is no coincidence. "For eight years I was invited, but I never wanted to come before. I never wanted to come with Bush," says the shoe designer. "I'm looking forward to coming back — at least for four years." We really want to make a crack about voting with your feet here. [WaPo]
• Roberto Cavalli: "All over the world people don't treat me like a fashion designer; they treat me like a rock star… I can't walk down 5th Avenue without being treated like a rock star. In fact, maybe it's more… Many times I've walked down 5th Avenue with rock stars and nobody pays attention to them. It's very strange." [FWD]
• Gisele Bundchen passed the written exam portion of her pilot's license. Although heavily pregnant, and "Almost too big to fly," according to her instructor, she's still making supervised practice flights up to three days a week. [People]
• Karolina Kurkova has given birth to a baby boy. [People]
• Kelly Osborne: Fan of Spanx. [People]
• Christian Siriano says his new reality TV show will reflect the best of several recent high-profile fashion documentaries. "It's very like The September Issue, very Valentino [The Last Emperor]. We want it to be as cool and as real as possible." Apparently, September Issue director R.J. Cutler wouldn't touch the project, but he did advise Siriano "just to be real." [The Cut]
• Sadie Frost's clothing line with Jemima French, FrostFrench, is opening its second store in London's Soho. [WWD]
• A real ad man of the 1960s has some bones to pick with Mad Men's treatment of the brand London Fog. So an employee of an industry that manufactures fictions objects to a fictional show's fictionalizing history? We shake our heads at the irony. [AdAge]
• JC Penney is being sued for trademark infringement by the retailer New York & Company. New York & Company says Penney's new "NYC Style" slogan is too close to its "NY Style" advertising tag line. [WWD]
• Can Sir Philip Green conquer America? [Bloomberg]
• Polo Ralph Lauren reported a 10% rise in second-quarter profits. [TS]
• Bata shoes was, before Communism, an international brand headquartered in Slovakia. The company town isn't doing so hot right now, with the economic transition and the competition from Asia. [BussinessWeek]
• Liz Claiborne may have had seven consecutive quarterly losses, with the announcement of an eight expected next week, but C.E.O. Bill McCombs doesn't have to worry about one thing: his job security. McCombs recently had his contract renewed for another three years. It's not an unusual strategy: only 38 companies in the S&P 500 have replaced their C.E.O.'s in the year to September 30, down 10 on the same period last year, despite the trying economic times. [WSJ]
• Not so lucky is Missoni's general manager, Massimo Gasparini. He has been let go and his position will not be filled. [WWD]

• The return of Mad Men is a mere 37 days away, and the AMC show has struck a deal with Banana Republic:

The retailer will be selling a line inspired by the suits worn by the gentlemen of Sterling Cooper. (The show has also partnered with Clorox, so look for cheeky collar-bleaching spots.) [Vulture, NY Times]

• It's riveting to watch one of Chanel's couture looks being made. Whatever one thinks of the design, the craft of couture is magic. The concentration in the atelier flou's eyes as she makes the toile is an inspiration. [The Cut]
• David Lauren thinks now is as good a time as any for Ralph Lauren to launch a watch division selling $10,000-$80,000 timepieces. Marie Claire will probably still advertise them. [WWD]
• That gorgeous nude-and-black dress Emma Watson wore on David Letterman's show on Tuesday night to promote her movie was by Christopher Kane. [Grazia]
• Come this September, you'll be seeing Justin Timberlake starring in ads for two simultaneously developed and released Givenchy scents, called Play and Play Intense. [WWD]
• Accessories designer Tarina Tarantino marked the 70th anniversary of The Wizard of Oz with an Oz-themed collection — and by shooting Kelly Osborne and Debi Mazar as Glenda the Good Witch and the Wicked Witch of the West, respectively. [CBS]
• Couture week closed yesterday, which motivated the Daily to reflect on those comrades who were missing. Anna Wintour, who has never missed the couture collections before, wasn't there. Nor was her counterpart at British Vogue, Alexandra Shulman, or T magazine's Stefano Tonchi. Celebs down for the count included frequent couture customer Dita von Teese. [FWD]
• Another fashion mystery: Why has Peter Copping's first collection for Nina Ricci, Resort 2010, been delayed by one month and counting? Time's Kate Betts hasn't seen the collection, but says "an extremely reliable Parisian source" says it's "great." Copping, formerly Marc Jacobs' right-hand-man at Louis Vuitton, replaced Olivier Theyskens in the middle of his contract earlier this year. [Fashionologie]
• Fendi is "taking a break" from producing a men's wear collection. The 84-year-old Italian company is hoping to be back in the men's game by next season. [WWD]
• Do you ever question the entire nature of fashion week? The tug-and-pull of the trade/consumer focus? The fact that retailers have come to expect new deliveries monthly, not semi-annually? Do you ponder the impact of nonetheless timing the ready-to-wear collections twice per year, and the effects of having pictures of next season's clothing available instantly online months out from production? If so, you're probably a designer, and the CFDA wants to hear from you this July 28, at a townhall meeting that promises to put up for discussion everything about fashion week. What with MAC looking to produce competing shows at Milk Studios, and the coming change in venue from Bryant Park to Lincoln Center, the talk — moderated by Diane von Furstenberg — is timely. [WWD]
• Alexander Wang is debuting his first menswear collection later this month in the pages of T. And according to rumor, for his women's wear show this September, Wang will be eschewing the styling help of his friend, model Erin Wasson. In Wasson's place will be Karl Templer, who styles Calvin Klein (and worked for Interview magazine last year — or maybe he's been hired back, we can't keep track of that revolving door anymore). [Sassybella]
• Meet 20-year-old Rochelle Owen, whose job it is to help customers with Beth Ditto's clothing line at the Evans store in the Meadowhall shopping center in the UK. Her pic is fierce! And the "voluptuous size 20" says: "Beth's style is very much my look, I dress to be noticed and love girly clothes, bright colours and funky dresses with leggings and loads of accessories." [The Star]
• A day at the office with Aussie brand Ksubi: "Shit fucking happens." [BlackBook]
• Uh-oh: "The Consumer Product Safety Council recalled 3,200 pairs of Charles David of California women's shoes sold at Nordstrom." One report of a heel breaking off, resulting in bruising. [WWD</a.]
• Juicy Couture is closing its 3,300 sq. ft. store at Madison Avenue and 70th St. The rent ran $2 million a year, and the company simply cannot afford to continue paying it. [WWD]
• This June, retailers saw on average a 4.7% decline in comparable sales, supposedly because it was such a rainy, miserably month, nobody felt like shopping — and certainly not for summer clothes. But if that's the case, why were sales in the largely sunnier month of May down 4.2%? We think it's the economy, stupid. [Crain's]
• Abercrombie alone saw sales tumble 32% on last year. And a lot of companies' spin-off brands — like Abercrombie's now-closed Ruehl — are suffering even worse. American Eagle's Martin + Osa isn't faring well, and Aeropostale's Jimmy'z has already closed. J. Crew now thinks it priced offerings at its Madewell spinoff too high. [WaPo]
• And the apparel crowd doesn't expect the back-to-school season to be much better. [WSJ]
• One sector that still has the luxury of 35% margins: online, members-only designer sale e-tailers, like Gilt Groupe, RueLaLa, and HauteLook. They have virtually nil marketing costs, and their small inventories actually enhance demand by creating scarcity. [WSJ]
• New York-based fashion chain Scoop, which is being sued for employment violations by 17 ex-staffers, is allegedly behind in its payments to numerous of its creditors, too. "They're unresponsive in their accounts payable department," said Gary Wassner, president of Hildun Corp. "They're not cooperative. They're not providing any financial information to make any kind of analysis of how they're doing. In today's market, it's important to be transparent...Clients are shipping at their own risk." Rosenthal & Rosenthal's Michael Stanley said, "We're very concerned about the status of the account." Robert J. Wichser, a representative of Scoop's owners, says the company is "financially sound" and currently looking for a new CEO. The last one left in February, which is when Hildun Corp. says the company stopped paying its bills. [WWD]

• Word is, Mrs. Ryan Reynolds née maybe-alien Scarlett Johansson will be fronting Dolce and Gabbana's latest campaign. For what? Um, no one knows. [Style.com]

• Carolina Herrera: "There's no need to be ashamed of trying to keep looking good. I even tell my doorman when I've been to have a little filler injected." Not that he asked. [Independent]
• Oh dear. Is the head of L'Oreal being manipulated by a gigolo? Her daughter says yes. But then, we've heard that before... [Independent]
• Designer Gai Mattiolo is not really feeling his house arrest for fraud. Says one friend, "creative geniuses are often naive about business." Besides the genius part, us too! [UPI]
• Helena Christensen: “I’m not really into exercising, to be quite honest, but I realize that you have to do something to stay in shape, so I box. I’ve boxed for almost two and a half years.” If you take out the boxing part, us too! [NY Mag]
• Zac Posen: do not tease us with these promises of "lower priced collections" if you cannot deliver! [Fashion Week Daily]
• Speaking of fast fashion, H&M took a November hit. [WSJ]
• And. Fast fashion has meant a drop in the quality of thrift shop clothes. [Times of London]
• Coco Rocha unveils mannequin of herself; it doesn't look that much like her when she stands right next to it. [ElleUK]
• Women's Professional Soccer's teamed up with Puma. [WSJ]
• D&G, for their part, are outfitting the Giro d'Italia bike race. [VogueUk>]
• Daisy Lowe to be in annoying-sounding DKNY ad with Sean Lennon and Kelly Osborne's boyfriend, shot by The Sartorialist. [ElleUK]
• Speaking of slash/slash types! The Sisters Miller (Sienna and Savannah) will be showing their first Twenty8Twelve fashion show come Feb! [Grazia]
• YSL paper dolls. As close as many of us will come! Also: more fun. [Fashionista]
• Speaking of YSL! The company's making a generous donation to the United Nations Development Fund for Women. [WWD]

• I think we can all agree that there's a real dearth of trashy fashion lines by C-List stars. Thank god Tara Reid is filling the void with "Mantra." The new collection "includes t-shirts, dresses, bikinis, ponchos and hoodies decorated with beads and charms." [Perez Hilton]
• Which is good, because fellow I-don't-even-know-what-letter-Lister Kelly Osborne's reality show, Project Catwalk, was just dropped in the UK. [The Star]
• Janice on Tyra: "Nor did I ever get a note or call thanking me for helping to put her show on the map. Whatever. She’s not my favorite person." [NY Mag]
• Presses, stopped: "Barack Obama has a 33-inch waist, and his jacket is a 40 long." This info comes from his tailor! [Racked]

• This is how we want our birthdays celebrated from now on: "Rumor has it (Sonia) Rykiel’s daughter, Nathalie, has asked a host of international designers, including Karl Lagerfeld, Donna Karan and Jean Paul Gaultier, to design an outfit in the spirit of Rykiel to pay homage to the sweater queen as part of her jubilee." [WWD]
• Not surprisingly, French Vogue editrice Carine Roitfeld's Paris pad is huge, chic, less than cozy. [Fashion Week Daily]
• Just in time for alleged "Twilight vampire mania," black lipgloss is everywhere but on our mouths! [LAT]
• Both American Eagle and Chico's had better-than-expected profits, even though they had to slash prices/launch a "Debbie Phelps line" to do it. [NYT]
• Thanks to Nuclear Wintour, tennis has had the fashion seal of approval for a while now. No wonder Lacoste and Ralph Lauren can't keep tennis couture on the shelves! [WWD]
• Those of us getting nostalgic for the days when Madonna was awesome can check out icons of her sartorial career at a London exhibition next year. "Highlights of the 300-item show will include her iconic pink Material Girl dress, which she wore in the video to her 1985 hit, and the gown she wore playing Argentinian heroine Evita in the 1996 movie." [The Telegraph]
• Kate Moss talks dirty — or at least talks about talking dirty — in Interview, despite our specific injunctions to avoid speaking. Also does nude pictorial. (NSFW although it's "artistic.") [The Sun]
• And wanna see her in a Turkish bath? Knock yourselves out. [Fashionista]
• "Telephoning from his 152-foot navy-hulled yacht moored off the island of Capri,' Valentino acts exactly as one would wish an iconic Italian designer to. [BlackBook]
• Victoria's Secret model Doutzen Kroes: '"I always went over the top when I liked the guys! I would send flowers and love notes," the lovely blonde dished. "I'm sure they're laughing now, because they're like 'Oh, shoot!' But this was when I was 13. Men now send me flowers, and I like it that way,"' Oh, shut it. [Radar]
• Former model Carol Alt's novel: "I wanted to teach in an entertaining kind of way. I have a wealth of knowledge about the modeling industry and how to create a career, not just survive the season. I wanted to be able to teach the girls coming in to the business what it's all about and what to expect. Nobody tells them and they're shocked," [CBS News]
• "I Kissed A Girl" singer Katy Perry, and Betsey Johnson, who kissed Anna Nicole, love each other. [BlackBook]
• Lifetime piggybacks on its Runway coup with Blush: The Search for America's Greatest Makeup Artist. Two words, Lifetime: Top Design. [Variety]
• Olympic golden girls Nastia Liukin, Shawn Johnson, and Alicia Sacramone "will be the new faces of CoverGirl." Aren't they kinda young? [Chic and Untroubled via NY Mag]
• Elton John auctions deco brooch; apparently will fetch a lot of money. [The Star]
• J Crew's down; they're blaming "system upgrades" but I'm blaming "high prices." [WSJ]
• Mark Ronson's spinning at fashion week. I feel manipulated; why do I love them all of a sudden? [Fashion Week Daily]
• We're normally wary of fashion types co-opting lit cause they think it sounds cool or whatever, but the invites to Abigail Lorick (who does all the ghost designing for Gossip Girl's "fashion shows" nb) sounds genuinely rad: "it’s a battered copy of Virginia Woolf’s masterpiece “A Room of One’s Own,” all wrapped up in a silk scarf bow." [Style.com]
• London's Jewish Museum of Art launches an exhibit on "Schmatte Counture" that seems to have very little to do with either rags or fashion. [Telegraph]
• Free YSL bags! Well, sort of. "The limited edition cotton totes, designed by Stefano Pilati, are the latest wrinkle in the French house's ongoing "Manifesto" program, in which newspaper-style catalogues are handed out to women on the streets of key fashion cities. More than half a million copies of the catalogue will be distributed in Paris, New York, London, Milan, Tokyo and Hong Kong, with 5,000 in each city tucked into the black or white totes." [WWD]
• They're also hawking a $50-something bracelet. "For their latest fragrance and lip gloss (as seen on the cast of Gossip Girl, as well as model Coco Rocha), YSL did something major: They put both beauty items into tiny gold charms, attached them to a YSL bracelet, and sent them straight to Sephora." [Nylon]

Kate Moss is so in her element here. She's all, 'just try and rock a pair of wellies like this, Agy. I dare you.'
I am not personally a fan of the retro-Mickey tee. But apparently Kelly Osborne and her beef Luke Howell feel differently.
Not so much digging K.D. Tunstull's tribute tee, but am digging the skanking a lot.
Self described "dirty fairy", it-girl and sorta-Gwen-Stefani-step-daughter Daisy Lowe, looking clean, but wearing vinyl pants.
Lily Cole chooses love, asinine tee.
Alexa Chung's high-waisted cutoffs scream 'fashionista at a rock show chic.'
Beth Ditto's cute red iteration.

Some would say it's fortunate for Linzi Stoppard that I'm not handing out "bad"'s today.>
Can't tell if Gabriella Cilmi is wearing a German WWII army helmet.
Good intentions by the wayside. Pixie Geldof's getup, wig look absurd.
Let's say, hypothetically, we were doing an "ugly" category. And let's pretend Har Mar Superstar happened to slip into it.

[Images via Filmmagic, WENN, Getty]