The Knives Are Out For JCPenney

• Cintra Wilson is not impressed with the NYC's very first JCPenney: "Why would this perennially square department store bother to reanimate itself in Manhattan—in the sleekest, scariest fashion city in America—during a hair-raising economic downturn, without taking the opportunity to vigorously rebrand itself?" Making matters worse, she says even the mannequins are obese: "It's like a headless wax museum devoted entirely to the cast of Roseanne." [NYT]
• Contrary to recent rumors, Kanye West is not interning at the Gap. [FWD]
• It looks like Escada is the latest fashion house to go bust. [Bloomberg]
Anna Wintour will appear on Dave Letterman's show on August 24. (Set your DVR!) In other Anna-related news (and despite recent budget cuts at Condé Nast), the Vogue editrix will be making the trip to London Fashion Week.

• The guest list for The September Issue premiere has been revealed. [FWD]
• Why did a dead body materialize on the roof of Opening Ceremony on Howard Street? It's a mystery, but the cops are investigating. [Gawker]
• Two "smartly dressed" thieves armed with guns robbed the Graff flagship in London last week and made off with £40 million in diamonds. [Vogue UK]
• Peter Lindbergh's supermodel shoot for September's Harper's Bazaar goes noticeably easy on the makeup and retouching. [Fashionologie]
• Ex-model/Las Vegas star Molly Sims is teaming up with HSN to launch Grayce, a costume jewelry collection. Try to contain your excitement. [SW]
• Here's something your husband/boyfriend definitely doesn't have in his closet: a tie with built-in iPod storage courtesy of Thomas Pink. [FWD]