Proenza Schouler Won’t Rule Out Lower-Priced Line; Kenneth Cole Foresees Economic Doom

Richie's new shoes.

Proenza Schouler designers Jack McCollough and Lazaro Hernandez have already done a one-off line for Target and currently will not rule out a lower-priced secondary line. Keep 'em crossed, people. [WWD]

Kenneth Cole to students: “People say that things will get better in a few months, but to be honest, I don’t think it will get better for years." How encouraging! [WWD]

• Nicole Richie added shoes to her accessories line House of Harlow 1960, and they aren't bad, actually. [StyleList]

Burberry got Prince Charles to help them open their new headquarters in London yesterday to a fanfare of press. [FWD]

• J.Crew gave creative director Jenna Lyons a $1 million cash bonus for her service to the company. We wonder if she sent Michelle Obama a thank-you note. [WWD]

Victoria Beckham is reportedly contemplating adding shoes and handbags to her collection. [SassyBella]