Phillip Lim

Fashion houses really brought their A-games this season.

Rome wasn't built in a day. Nor are fashion lines.

Plus, fashion people are complaining about having to schlepp to Brooklyn for Alexander Wang's show. THE HORROR.

Designers like Isabel Marant and Phillip Lim are recycling their own designs for the mass market--don't we all deserve something original?

Quelle surprise: Pieces from Phillip Lim for Target are already glutting eBay (over 7,000 results, at current count) even though the collection is barely a day old, and the next collaboration with Peter Pilotto has already been announced. At this point, it's hardly shocking that pieces landed on eBay before the collection even hit stores Sunday morning--but could things be changing?

Fashion week officially kicked off today, and we dove right into things head-first. From Rachel Comey's perfectly intimate dinner presentation to the mobbed Phillip Lim for Target event, we were everywhere.

When we spotted this Autumn Cashmere sweater in a glossy last weekend, we felt a "pow!" of familiarity in our gut.

It’s summer! And that means on Fridays, everyone should be sneaking out of work a little bit early to go on a weekend jaunt or grab a drink on a sunny rooftop. The fashion industry, which works very hard, also knows a thing or two about how to cut loose. In our weekly Summer Friday column, we catch up with industry insiders to find out what they do, where they go, and what they bring with them when they escape the daily grind. We started our series this season with Rachel Zoe, stylist, editor, and designer extraordinaire, and went on vacation with everyone from the Shipley & Halmos guys to celebrity colorist Rita Hazan. This week, we travel with supermodel and now actress Tao Okamoto.

Name: Chloe What do you do? I work in the entertainment industry. What was the last thing you bought? A pair of Isabel Marant loafers. What would you never be caught wearing?

The 2013 CFDA awards, fashion's Oscars if you will, will be handed out in mere hours. The industry has been gathering to recognize and honor its leading talents since 1981. A lot has changed since the early years of the awards. What was once a small intimate industry event is now a widely covered celebrity event. "I think it reflects a broader shift over the last few years where fashion has become more and more popular," Style.com's editor in chief Dirk Standen told us. "The internet has had a lot to do with that. It's entertainment on a par with movies and music." So to prep you for tonight's awards we've assembled this handy primer. In it you'll find the complete list of nominees, our predictions on who will take home the big prizes, and all the celebrity presenters and attendees slated to show up.

Target has just announced its latest designer collaboration and it's a good one: Beloved New York designer Phillip Lim is working on a collection due out in September and we have all the details.

Coach's Reed Krakoff announced today that he's stepping down from the role of creative director to focus on his namesake luxury label. While Krakoff's contract with the brand doesn't end until the summer of 2014, he'll be working on an advisory basis until then. Which means that Coach's search for a new creative director is most certainly under way. Krakoff's partnership with Coach's retiring CEO Lew Frankfort lasted a remarkable 16 years, and launched the leather-goods label into a new financial stratosphere. In 1996, when Krakoff came on board, sales were $500 million. In 2012, they reached almost $4.8 billion. Frankfort's successor, Victor Luis, is already in place. (And a longtime member of the Coach team.) Whomever is brought on to replace Krakoff will have to be able to handle the tremendous financial pressure being a public company brings, but also help to expand Coach's brand beyond handbags. Clothing, in particular, is an area where there is tremendous opportunity for growth, both abroad in and the US. But who will it be? We're sure Coach will search internally first, and that the search may end there. But it's fun to consider outsiders. Here are our semi-educated suggestions for whom Coach should appoint as its next creative director. What do you think?

There was a lot to like, and even more to love, on the fifth day of fashion week. Critics found it hard to pick one favorite--or even three--on a day that saw Carolina Herrera commission a capriccio, Mary-Kate and Ashley Olsen take on a maison particulier in the Upper East Side, Olivier Theyskens delve into retro-futurism, Phillip Lim perfect his cool-girl aesthetic and Thom Browne stage a full-on performance piece.

Renew Your Closet: We compiled the best sites for retailing your clothes online, so you can put that new money toward your updated, 2013 wardrobe! Learn from the Best: J. Crew's Mickey Drexler revealed some secrets of his success at this week's WWD CEO summit. Fashion Family Tragedy: In unfortunate news this week, a plane carrying members of the Missoni family went missing, amid rumors of a possible kidnapping. However, the company has decided that the menswear show must go on, so it is still scheduled for Sunday in Milan.