NEW SHOES?: Rumors are percolating that Bally might be getting ready to part company with its creative director, Scott Fellows. A company spokeswoman categorically rejected reports Tuesday that Fellows has already left, saying, "Scott Fellows is still very attached to the project, creatively and on the board." But she added that Bally’s chairman and chief executive officer, Marco Franchini, who joined the Texas Pacific Group-owned company in April, will detail organizational changes in September.

TPG bought the Swiss company Bally in 1999 and set out to reposition the brand as a major luxury label. But Fellows’ collections have received a lukewarm reception from retailers and consumers, and the company is understood to still be losing money. Sources said Tuesday that Bally might replace Fellows from its internal staff but keep him on until the end of the year or beyond to help the transition.

BARGAIN CITY: Will Donna Karan have to play referee at her annual Super Saturday event this weekend in the Hamptons? Famous for being the largest designer garage sale known to man, the day-long event — which benefits the Ovarian Cancer Research Fund — is where celebrities like Molly Sims, Christy Turlington and Heidi Klum duke it out over seriously discounted Vera Wang gowns and Hogan accessories. Over 100 designers have committed to the OCRF this year by donating their trendy threads, among them: Diane Von Furstenberg, Calvin Klein, Kenneth Cole, Ralph Lauren, Lacoste, Tod’s, Burberry, Catherine Malandrino, Rebecca Taylor, Halston, Imitation of Christ, Marc Jacobs, Tuleh and Tommy Hilfiger. There’s even a kids’ carnival, a raffle and musical performances.

JUST LUNCHING: Fred’s has become this summer’s hot lunch spot, judging from its recent visitors. Seen dining there Monday were Lizzie Grubman (with two guys); Calvin and Kelly Klein; Natalie Portman, and George Hamilton and Alana Stewart Hamilton with Sandy Gallin. Meanwhile, Andrea Linett, fashion director of Lucky, was browsing Barneys’ first floor, having just taped a segment of "Inside Edition" at Ann Taylor. The topic? "College-to- Real-Life Makeovers," which is scheduled to air in early September. On Tuesday, Ron Perelman and Charlie Rose were seen at Fred’s, but weren’t dining together. They did, however, share an elevator ride to the lower level.

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