DKNY Switches to Presentation for Fall 2009; Karl Lagerfeld Shoots Calendar

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• Fashion Week shall bend to These Economic Times: DKNY will do a presentation instead of a runway show at February Fashion Week. Vera Wang and J.Mendel are also considering doing something less costly than a runway show. [WWD]

Karl Lagerfeld shot Eva Herzigova for Italian Marie Claire's 2009 calendar. [WWD]

• In 2010 Forever 21 will open a 90,000-square-foot store in Times Square — its biggest outpost yet. [WWD]

• Victoria Beckham on her new line of 650-pound to 1,900-pound dresses: "In these recessionary times, and at these prices, women are looking for something that will be an investment, aren’t they?" [Mirror]

• Ashley Olsen appeared to be scouting retail space in L.A. last week. Could it be for the Row? Elizabeth and James? Something new? Oh, the suspense. [Fashion Indie]