GQ held its second annual "Best New Menswear Designer in America" competition last night in conjunction witht he CFDA. Finalists like Andre "3000" Benjamin, David Mullen, Alex Carleton, Robert Geller, Sam Shipley, Jeff Halmos, and Yigal Azrouel were joined by guests like Tommy Hilfiger, Fern Mallis (left), Thom Browne, Jim Nelson, Kelly Cutrone, Phillip Lim, Derek Lam, Peter Som, Rory Tahari, Chase Crawford, Steven Kolb, Ally Hilfiger, Fonzworth Bentley, David Chu, Ryan Leslie, David Lauren, Katie Lee Joel, Glenn O'Brien, Steven Alan, Calvin Klein mens creative director Italo Zucchelli, GQ publisher Peter Hunsinger, and last year's winner, Daiki Suzuki. [PMc, NYO, FWD]

• This will be the bleakest holiday shopping season for retailers in years, but it's not too late to make a bad situation a little bit better. There's still have time to get out there and shop. Do your part and help keep America the consumerist paradise it was designed to be! [AP, WSJ]
• One spot that doesn't appear to be suffering: The Ugg store in Soho. [Racked]
• Kate Moss will appear in an ad campaign for the jewelry brand Fred. [WWD]
• Rock & Republic is planning to launch a new (and cheaper) denim line. [NYM]
• David Chu is parting ways with Tumi. [WWD]
• More job cuts are expected at Liz Claiborne. [WWD]

• Ben Stiller has paid $10 million for a Riverside Drive co-op in the building that his parents, Jerry Stiller and Anne Meara, live in. The seller was Ann Zabar. [NYO]

David Chu