• The Calvin Klein billboard in Soho that has caused a bit of controversy recently has been replaced. Of course, just swapping out the ads could be part of the company's PR strategy to keep people talking about the ad campaign, in which case, well, it worked nicely. [GoaG]
• Rumor has it Anna Wintour has offered a Vogue internship to Prince William's girlfriend, Kate Middleton. [Grazia]
• Rumor also has it Emma Watson is designing a teen line. [Fashionista]
• Olivia Palermo plans to model now: She's signed with Wilhelmina. [P6]
• Isaac Mizrahi is opening a store on the Upper East Side in August. [WWD]

• How much did Topshop's insane publicity blitz cost the company? Let's just say a lot. [FWD]
• It looks like Anne Hathaway won't be Marc Jacobs's next muse after all. "Marc and Annie are good friends, but there are no plans of her appearing in our ads," says the designer's rep. [SW]
• Good news, Roberto Cavalli fans: It seems Just Cavalli won't be disappearing after all. [NYM]
• Gisele wore a John Galliano gown to her bullet-riddled wedding last weekend, just in case you were wondering. [SW]
• For the second time in a week (and despite a bit of backlash the first time around) Oscar de la Renta is still complaining about Michelle Obama's fashion preferences. [WWD, Fashionologie]

♦ Mimosa yellow is the color of 2009. [Vogue]
♦ Massive discounts helped lead to a 15 percent boost in sales on Cyber Monday. [WSJ]
♦ Retailers are pulling out all the stops to lure customers to stores this holiday season. [NYT]
♦ Anna on the recession: "I see a lot of people in my industry who are over-reacting. Stores that are over-discounting, designers who are creating collections for the price and what sells rather than to reflect who they are." [Jezebel]
♦ Topshop is "definitely" opening in NYC by the end of March. Ha. [Glamour]
♦ Happy accidents: Lumigan, a drug used to treat glaucoma, makes your eyelashes longer and prettier, too. [MSNBC]