JCPenney

Rashida Jones is OK with you wearing eyeglasses, so long as they're prescription.

Vera Wang's team responds to the allegations that its Shanghai store is charging women to try on wedding gowns. {Refinery29} Terry Richardson gets Brad Goreski to take off his shirt (but not his glasses!). {Terry's Diary} Spain-based retailer Mango is emulating Zara in its business model. {Business of Fashion} Giorgio Armani is donating $5 from each bottle sold of his Acqua di Giò and Acqua Di Gioia fragrances this month to help fund UNICEF's clean water initiative. {Elle}

Do you have designer collaboration fatigue yet? You better not, because there's another one to look forward to. JCPenney just announced a "seasonal collaboration" with London-based--and First Lady-approved--designer Duro Olowu.

When H&M announced its latest designer collaboration with Maison Martin Margiela, we'll admit we were a little surprised. Margiela is so avant-garde, so cult-y, and with little name recognition (OK, more than a little thanks to Kanye) we'd have figured them the last brand to do a collaboration with a mass retailer. But then again, H&M got Karl Lagerfeld to do a line for it in 2004, and then, somehow, the retailer convinced the most reclusive and enigmatic of designers, Rei Kawakubo, to do a Comme des Garcons collaboration in 2008. So maybe it's not so surprising that Maison Martin Margiela is doing a mass collab--maybe it's even obvious. It seems like every major designer has done a lower-priced collaboration with any number of mass retailers recently.

JCPenney is in major restructuring mode this year and we can’t blame them--other mass retailers and department stores are constantly pushing new collaborations and retail concepts and Penney’s has always been a little stale by comparison. In January, the company announced a slew of new measures, which included reorganizing the store layout to function more like shop-in-shops, with various collaborations with other labels--not unlike Target’s new concept. And they’ve just announced even more changes. But is it working? Not yet--yesterday, the company logged a $163 million loss for the first quarter of 2012, which is a bigger hit than executives and investors expected and probably not good considering their restructuring plan is supposed to set them back $800 million this year--especially when much of that restructuring is probably dependent on cash flow from investors.

Cindy Crawford recently said that her 10-year-old daughter Kaia, who had starred in a Young Versace campaign, was too young to pursue modeling. Luck

JCPenney has been in the news a lot lately; the retailer is very publicly trying to change its stodgy image and bring exciting brands to the store, with the ultimate goal of, naturally, getting people to shop there again. A Target-esque merchandising strategy was rolled out by JCP's new-ish CEO Ron Johnson at the beginning of the year, featuring collaborations with established designers and a new shop-in-shop format instead of an open selling floor. But will it work?

Fuck yeah, Nick Wooster has a (surprising) new gig! Fans of the mustachioed and tattooed style icon will recall that he was ousted as the men's fashion director at Bergdorf Goodman and Neiman Marcus about a year ago. While Neiman never issued a statement about why he was let go, it happened right after Wooster gave this quote to GQ about his position there: “I am just an old f—ing midget queen who, you know, had the good fortune to get this job and it’s like, ‘How did that happen?’” Two days later he was history.

Wednesday, JCPenney CEO Ron Johnson unveiled details of a major overhaul that JCPenney stores are about to undergo. Based on WWD’s report this morning, nothing will go unchanged--save for the name of the store and its passable ecommerce component. Johnson is focusing on the brick and mortar stores and his plans for those sound a little familiar. That’s because they’re similar to those of another mass retailer who recently announced a new retail strategy--Target. While JC Penney won’t necessarily have the same type of rotating limited edition collaboration component as The Shops at Target, their new selling floor format is the same idea. It’s all about “shops.”

Let Liv Tyler Serenade You, Compliments of Givenchy: The actress is set to make her singing debut to promote the fragrance, Very Irresistable Givenchy. We're tempted to be wary of a corporate-sponsored jam, but Steven Tyler is her dad. {WWD subscription required } Mario Lopez Launches Underwear Line: This holiday season, your man deserves underwear with the A.C. Slater stamp of approval. Mario Lopez's new underwear line RatedM is available on freshpair.com, and will be in Bloomingdale's stores starting February. The line ranges from causal everyday undies to the 'Atelier' line, for those extra special occasions. {WWD subscription required} Lindsay Lohan Playboy Cover Leaks: Seven days before it's set to hit newsstands, Lindsay Lohan's Playboy cover has been leaked on the interwebs. Not that it needed to be. It's typical Lindsay: blonde hair, fresh lip injections, big hair. And we kinda love that Playboy bunny chair. {Buzzfeed} Clémence Poésy is G-Star's Newest Face: The Artist Formerly Known as Fleur Delacoeur is featured in the brand's Spring 2012 ads, shot by Anton Corbijn {ELLE}

We've all heard of no-name fashion, but this is taking it a bit far. After selling its once-dominant namesake clothing label Liz Claiborne, the company (which also owns Lucky, Juicy Couture and Kate Spade), is on the hunt for a new name--and it could take up to 12 months to find it, reports the New York Post. In the meantime, the clothing company will presumably remain nameless. After four years with zero profit, Liz Claiborne has sold its eponymous label for $267.5 million to JCPenney. That might sound like a big chunk of change to the average citizen, but when put in comparison to the company's '90s valuation at near $2 billion, it's a pretty paltry sum. What's worse, The Post speculates that while this influx of cash will help to slash Claiborne's debt, the company will likely continue to falter under the reigns of CEO Bill McComb who the paper calls (LOL) "Edward Scissorhands."

photo courtesy WWDThis morning we have more details on the Olsen's latest venture, a juniors line for JCPenney called Olsenboye. According to WWD, the