• Stylist Pat Field may not take part in the Sex and the City sequel—it seems she can't bear the idea of Carrie Bradshaw going from "fashionista to recessionista." But she does have a bit of advice for Susan Boyle, which is nice. [Grazia]
• The return to scarcity: Saks and Neiman Marcus report they're ordering a lot less inventory than they did last year, not surprisingly. [Bloomberg]
• The Rachel Zoe Project returns to the air on August 25. [Fashionologie]

• The Obamas headed over to London today on their first trip overseas since Barack took office and the big topic of discussion is Michelle's wardrobe, of course: She was wearing Thakoon as she boarded the plane, but she emerged in a Jason Wu dress when she got off. But tomorrow she meets the Queen, so expect things to really get crazy. [NYM, SW, Style.com]
• Kate Moss will cut the ribbon at the Topshop opening on Thursday, naturally. [WWD]
• Tips on surviving the big opening from your pals across the pond. [Guardian]
• Richard Chai may be the new creative director at Bill Blass. [FWD]
• Agent Provocateur just launched its new swimwear collection. [Pipeline]

• Saks has agreed to pick up Christian Siriano's fall line. The collection will be sold at the in-store boutique for up-and-coming designers. [NYM]
• Rachel Zoe is launching a budget clothing line. Because she can. [SW]
• Kira Plastinina, the 16-year-old designer and Russian mogul's daughter who watched her company implode recently, is ready for her next challenge. She's going back to school. Possibly to Parsons, in fact! [FWD]
• The company that bought the rights to the Bill Blass name now has plans to revive it and is currently hunting for a creative director. [Fashionista]
• H&M reported its first drop in quarterly profits in more than five years. [BN]
• Not only does Olivia Palermo shop at Strawberry's (or doesn't), she says she shops at the Strand, too. For, like, books and stuff. [Racked]
• The ever-humble Kanye West would now like to be known as Martin Louis The King Jr. The "Louis" refers to Louis Vuitton, obviously. [NYDN]

• The City debuts tonight on MTV! New York has details on the goings-on behind the scenes and what Olivia Palermo is hoping to gain from the spotlight: "Like, maybe I'll start a jewelry line,” [NYM]
• Is Christina Aguilera planning to design a collection for Topshop? [Mirror]
• With holiday sales the worst in 40 years, analysts are predicting 73,000 stores may close in the first half of 2009. [Bloomberg]
• Erin Fetherston may have a hotel project in the works. [HC]
• Tom Ford and Judith Leiber have new Rodeo Drive stores planned. [WWD]
• Chanel is cutting 200 jobs. [Guardian]
• The new parent company of Bill Blass says it's planning to revive the brand's high-end collection within "9 to 12 months." [WSJ]
• Dov Charney's American Apparel has another legal mess on its hands. [WWD]

• That was quick. After making a splashy debut in NYC back in May (and after paying Nicole Richie to come to Moscow two weeks ago), 16-year-old Russian heiress/designer Kira Plastinina now says she plans to close most of her 12 locations in the U.S. [FWD]
• In related news, retail sales in Russia are reportedly down 30 to 40 percent. [WWD]
• Coco Rocha's new look. [Fashionologie]
• More on Betsey Johnson's "smaller, friendlier" plans for Fashion Week. [WSJ]
• Sadly, this week is likely the last for Bill Blass. [NYT]
• Kate Moss has re-signed with Topshop for another three years. [Telegraph]

♦ If you have the nerve to approach Anna Wintour at a public event and ask her an uncomfortable question, don't be the least bit surprised if tells you to get lost. [The Cut]
♦ Madonna's latest fashion faux-pas? A green Louis Vuitton dress by Marc Jacobs, which "looks as if someone poured a wheelbarrow of lawn clippings all over her," bitches fashion critic Hilary Alexander. "Just another horrific hiccup in the wardrobe of a woman of wealth, but no taste." [Telegraph]
♦ Karolina Kurkova is the world's sexiest woman, according to E!, belly button or no belly button. [Reuters]
♦ Yes, it's 30 degrees outside, so why not distract yourself by watching footage of Brazil's Clara Rio Summer event, including Natalia Vodianova and Byrdie Bell showing off on the dance floor? [Vogue UK]

Bet you thought we forgot all about Fashion Week, right? NOT A CHANCE. This morning at the tents, Gawker picture-taker Nikola Tamindzic snapped the Barbara Bush-approved line that's so matronly that not even Jessica Stam can make it look hot. Wait . . oh, she can. Oh, that Jessica Stam! Like an adorable Persian cat in person form, we feel. Loves it. And so, no doubt, did Cece Cord, Joan Rivers, and Dr. Ruth.