• These five magazines are competing for the Project Runway sponsorship for season six, the show's first on the Lifetime network: Glamour, Cosmopolitan, Marie Claire, Harper's Bazaar and In Style. Guess how the Weinstein Co. will choose the winner? By whoever pays the most! [WWD]

• Liz Claiborne and Diane Von Furstenberg will be added to Seventh Avenue's Fashion Walk of Fame. We wonder if any parties like P. Diddy's Hollywood Walk of Fame fête are in the works. [WWD]

• Nike's CEO thinks Olympics boycott efforts in China won't impact the event too much. It would suck for them if it did since Nike is dressing a majority of China's teams. [WWD]

• Macy's lost $59 million in its first quarter. Its women's merchandise just ain't selling like it used to. [WWD]

• Puma is entering a yacht in a ten-month sail-around-the-world contest. They hope this will help them sell more performance sailing gear and nautical-inspired lifestyle apparel. That reminds us! We simply must finalize our summer yachting wardrobe. [WWD]

• Conservative, retro swimwear is back! (Think boy-cut shorts and one-pieces.) Why? Women are finally over showing off the goods. [NYT]

• Simon Doonan on the scene at Barneys when Rogan's Target line went on sale there last week: "It’s day of the locusts, darling." So it did well, then. [NYT]

• Phillip Bloch was ejected from Tuesday night's Kanye West concert at Madison Square Garden. It sounds like security thought he was smoking pot, but he says he didn't have so much as a match in his pocket. [NYP]

• Reem Acra stays in shape by allowing herself bread at dinner and dessert just twice a week and taking Latin ballroom dance lessons. You can even watch her dance on video. [WSJ]

• Victoria Beckham on herself: "When I see pictures I do sometimes think 'You miserable cow!' But I think it's just the way my face falls. If people like the way I look then great, and if they don't then fine." And on TomKat: "Do you know, we go to lots of different things together and they're great and really normal. And people don't want to hear that. People want to hear that people are weird." [British Vogue]

• Cynthia Nixon would love to marry her girlfriend. [British Vogue]