>> How is the Internet affecting brands like Altuzarra and Proenza Schouler? In Interview, Anna Dello Russo asks the former: "You’ve only done four collections and already you’re more popular than Tom Ford. How do you think that happened?" Altuzarra laughs, replying: "I think it’s because of the Internet. You can build a brand very fast now, especially with bloggers and how fast images can get out — the message just goes out faster and stronger than ever before. But what I’m trying to do is something consistent every season, something strong. And I try to be nice — most of the time."

And Shirley Cook, chief executive of Proenza Schouler, tells the New York Times that because of the Internet, consumers are not as stuck on one label, and designers to need to create distinctive products worth the asking price, like Proenza's $375 striped tees, which sell out every season. “It’s actually forcing the designers to be the leaders in fashion again . . . The Internet has brought a wealth of information and also boredom. All those blogs and new ways to dress and shop. For me, it means we have to be much more on our game.”

>> Alexander Wang's First Retail Store Has a Home —Alexander Wang has been secretive about his rumored Manhattan flagship, and although he's still being tight-lipped about the interior, he has confirmed the location of his first store, which will be open by year's end: 103 Grand Street, in a SoHo space formerly occupied by Yohji Yamamoto. "It’s a perfect, iconic location, and there is a massive amount of windows” Wang says, adding that he plans to bring “a new perspective on luxury." [Vogue]

>> WWD confirms yesterday's rumors that Ralph Toledano, Chloe's well-respected and popular chairman and CEO since 1999, is no longer with the firm. Although when reached for comment, Toledano said, "We never comment on rumors," sources told WWD that Toledano recently left the company, shaking the house roughly a month before Paris Fashion Week.

Why did he leave? »

>> Video: Watch Tavi Gevinson Take On Her First Styling Gig —We got a look at the final product of Tavi Gevinson's first ever styling gig — for Blackbook's September 2010 issue — last week; now a "making of" video is out, capturing the 14-year-old Gevinson working with model Christine Staub, who happens to be just a year older than her. And it sounds like Tavi already has her next project on deck: word is she will be flying to New York with her dad to cover Fashion's Night Out for Barneys on Twitter, as well as liveblogging on the retailer's blog BSides. [Blackbook, The Cut] See the video! »

>> Sofia Coppola Continues Louis Vuitton Handbag Collaboration with New Style, Fresh Colors For Fall 2010 —Sofia Coppola and Louis Vuitton continue to build on their relationship: In addition to appearing in the brand's heritage ads alongside her father, Francis Ford Coppola, Sofia's now expanding her handbag and shoe collaboration with Vuitton for the Fall. The latest additions — set to bow in October — include a newly sized day bag, along with the existing designs in several new colors, like the chocolate brown at left (the bag has previously been available in navy or a muted cranberry red leather, the Vuitton monogram, or a deep gray suede). Antoine Arnault, Louis Vuitton's communications director, is also said to be throwing Coppola a party after the screening of her new film, Somewhere, which will premiere Sept. 3 at the Venice Film Festival. [WWD]

>> Joseph Altuzarra schedules his fashion show a few hours after Alexander Wang's — the upcoming Spring 2011 season is no exception — and for the past two seasons running, Wang has shown up just after his own show to take in Altuzarra's. Anna Dello Russo mentions to Altuzarra in the September 2010 issue of Interview: "When I met you, I also met Alexander [Wang]. You’re always together, which is lovely because your job is very competitive." And Altuzarra replies: "I’m actually with Alex now in the Hamptons."

He later adds: "I think designers are starting to realize that we’re all in the same industry. There is really no point in trying to be removed. I’m not saying we should all be friends, but I think the relationships are a little easier and warmer."

>> Bits: The Selby Goes High Fashion, Joe Zee's New Show Begins Filming —Todd Selby has worked with Louis Vuitton on a number of special projects and photographed Helena Christensen's home for Vogue Paris, but it sounds like he's graduating to high fashion editorial — his first? On Monday, Derek Blasberg Tweeted, "Just wrapped a high fashion photo shoot extravaganza with The Selby and Vanessa Traina. The fur was flying!" And today, Joe Zee is experiencing his own first: he started filming for his upcoming show, All On the Line. Speaking of shows . . . Andre Leon Talley and Vogue-approved model and streetstyle blogger Hanneli Mustaparta are hosting the live webcast of the Fashion's Night Out fashion show on CBS.com on Sept. 7 starting at 7 pm EST. [@derekblasberg, @mrjoezee, The Cut]