Olsens Eye Michelle Obama; Naomi Campbell’s Blood-Diamond Trial Slogs On

• The Olsen twins want to dress the First Lady. “I’d love to get Michelle Obama in the Row," Ashley says. "The simple suits and things. It’s all made in America, so why not?” [Harper's Bazaar]

• Kmart is reviving its fashion offerings by partnering with 250 international designers. [Racked]

• Images of Vena Cava’s collection for Bloomingdale’s in-house line Aqua leaked early. The line includes plenty of mesh insets, collarless coats, and drapey silhouettes. [Fashionista]

• A modeling agent testifying in Naomi Campbell's blood-diamond trial allegedly had a "blood-diamond party" of her own. The evidence has been posted to Facebook. [NYP]

• Meanwhile Naomi claims she never meant to say attending the trial was an "inconvenience." [Vogue UK]

Calvin Klein was spotted at photographer Christopher Makos's exhibition at Clic Gallery in East Hampton, where he bought a $3,000 Polaroid for his “young blond male companion.” [Page Six/NYP]

• Seven For All Mankind is opening its first German store in Berlin. [WWD]

• JCPenney is partnering with Mango to launch an exclusive brand called MNG. JCPenney typically has four merchandise deliveries a year while Mango has one a week, so the hope is that this line will get people to visit JCPenney more frequently. [WSJ]

• Macy's second quarter net income totaled $147 million. Last year in the same period it was only $7 million. [WWD]