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• Christian Lacroix saved? Possibly! Although Lacroix is keeping mum, a bidder for the struggling fashion house may have emerged. [WWD, Reuters]
• More depressing news about the state of the retail: Manhattan's vacancy rate is 6.5% and rising. [NYT]
• Ashley and Mary-Kate Olsen are on the list of the 31 new inductees into the Council of Fashion Designers of America. Like, congrats! [FWD, Cut]
• Hermès reports sales were up 12% during the second quarter. If you've continued to shop there despite the downturn, don't pat yourself on the back. Credit the strong sales of Kelly purses in Asia. [BN]
• It's bad news all around for fashion magazines this September. Ad pages in W are down 53% from last year; Allure has witnessed a 52% drop-off; Vogue is down 37%; and Elle has experienced a 21% decline. [AdAge]
• Rumor has it reality TV star/train wreck Susan Boyle is posing for a Harper's Bazaar photo shoot. The good news? She won't be on the cover. [DM]