Wal-Mart Eyes NYC, Calvin Klein Falls Victim

• Great news for those of you who have been dying to get your hands on Miley Cyrus' clothing line for Wal-Mart: The retail giant is scouting for a NYC location again. [Crain's]
• Rich parents aren't buying super-expensive designer clothing for their bratty kids quite like they used to, not surprisingly. [WSJ]
• First the Calvin Klein billboard on Houston Street was targeted by people who objected to its raciness; now it's been targeted by vandals. [Jezebel]
• The Calvin billboard isn't the only victim. Calvin Klein became a crime statistic himself when a thief ripped the East Hampton beach parking sticker off his Porsche. The police are now conducting a thorough investigation. [NYP]

• Even more Calvin: The company is now conducting a search for Europe's hottest men to model its underwear line in an upcoming campaign. [Cut]
Heidi Klum is discontinuing her jewelry line after Van Cleef & Arpels filed a trademark infringement lawsuit against her company. [NYDN]
Cynthia Rowley is launching a baby line with Babies 'R' Us. [WWD]
• Victoria Beckham decided against renewing her contract with Emporio Armani underwear so she can focus on her own clothing line. [Vogue UK]
• TV mogul Simon Fuller has acquired a majority stake in Storm, the modeling agency that reps Kate Moss and Bar Refaeli, among others. [Vogue UK]
• The ladies of NYMag put fall's craziest shoes to the test. [Cut]