• Saks should open its new designer floor pretty soon. It includes labels like Chanel, Giorgio Armani, Oscar de la Renta, and Ralph Lauren and cost $30 million to complete. In the meantime, they hope labels lower their prices. [WWD]

• Michelle Obama took Sasha and Malia shopping at the upscale kids' clothing store Bonpoint in Paris. [WWD]

• If Peaches Geldof's Twitter feed is to be believed, Courtney Love is working on a clothing line. Courtney has said her ideas for a line include "cotton ribbed body suits," "cashmere harem pants," and "stitching a ruby into every outfit." [Grazia]

• This week, Giles Deacon launched a swimwear collection inspired by a trip to Los Angeles's Chateau Marmont hotel for British store New Look. It will also be available online. [British Vogue]

• Here is a brief history of how sneakers got their names, from Keds to Puma to Adidas. The latter is not the acronym for "All Day I Dream About Soccer," but came from a man named Adi Dassler. [WSJ]