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Must Read: Tory Burch Previews Tory Sport, The Problem With Designer Leaks

And Karmaloop founder and CEO Greg Selkoe discusses the online retailer's demise.
Tory Burch at the 2015 CFDA Fashion Awards. Photo: Dimitrios Kambouris/Getty Images

Tory Burch at the 2015 CFDA Fashion Awards. Photo: Dimitrios Kambouris/Getty Images

These are the stories making headlines in fashion this Thursday.

Tory Burch previews athleisurewear line
Hold on to your Lululemons, because Tory Sport is on the way. The New York socialite-turned-designer is planning to debut a a collection of yoga, tennis, golf and running apparel at New York Fashion Week in September, and she gave The New York Times an early peek. To coincide with the debut, a Tory Sport pop-up store will open on Elizabeth Street in downtown Manhattan, with a permanent store to follow in March. {New York Times}

Saks to open first shoe-only store
Saks Fifth Avenue, which recently revamped (and rebranded) the shoe salons inside many of its department stores, will open its first standalone shoe store for women in Greenwich, Conn. in the fall of 2016. The sales floor will boast 11,000 square feet of space, and will include brands already carried by Saks, like Prada and Gucci, as well as a host of new ones. {WWD}

Are designer leaks bad for fashion?
This week, WWD reported that Alexander Wang is set to leave Balenciaga — but parent company Kering has yet to confirm or deny the rumors, following a similar pattern with designer changeovers at Gucci and Roberto Cavalli earlier this year. Vanessa Friedman reflects on this "dismaying" trend, arguing that no one benefits from the lack of transparency surrounding designers' departures and the speculation that follows. {New York Times}

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Cindy Crawford to produce drama on '80s modeling
Cindy Crawford is set to produce — but not star in — an NBC show about '80s modeling, tentatively titled "Icon." The plot will center on the modeling wars in the '80s between Ford Modeling Agency and Elite Model Management. {Variety}

Liberty poised for expansion, IPO
One of London's landmark department stores, Liberty London, is gearing up for a 2018 IPO. The British heritage brand, which marks its 140th anniversary in September, will focus on more designer collaborations, its accessories collection, its in-house fabric business and its e-commerce site, which will be upgraded and re-launched this fall. {WWD}

What happened to Karmaloop?
That's the million dollar question. $500 million, actually. Complex sat down with Karmaloop founder Greg Selkoe to get the backstory of the online retailer's demise. The short answer? A bevy of bad business deals, alienation of its core consumers and brands, and an inability to vie for investor dollars. {Complex}   

Millennials fuel growth in hosiery sales
Women ages 18 to 24 are big fans of hosiery, a new NPD report reveals. Sales of hosiery among young adult women have grown 12 percent over the past year, outpacing the category's 3 percent average. {WWD}

Starlets sport swimsuits as bodysuits
Call it a summer trend if you will. In recent weeks, oft-photographed celebrities including Selena Gomez, Elle Fanning and Shay Mitchell have been spotted wearing one-piece swimsuits as bodysuits out and about town. What they may lack in comfort, perhaps they make up in color? {Page Six}

Homepage photo: Kendall and Kylie Jenner at the 2015 ESPYS. Photo: Jason Merritt/Getty Images.