THAT SEVENTIES GLOW: It’s not considered the encore to its blockbuster collaboration with Karl Lagerfeld last November, but H&M has quietly joined forces with another designer: Elio Fiorucci. He created what the Swedish fashion giant calls a “poolside” collection for women, men and children. Slated for delivery to about 1,000 H&M stores in June, it spans retro visors, flip-flops, T-shirts, totes and bikinis, many showcasing bright, tropical-themed prints. Shoppers in Milan will have a special feeling of deja vu come summer: the H&M flagship there was previously the historical Fiorucci store.ON THE CATWALK: Paging the next Wendy Pepper. Whether or not you're a Machiavellian matron, this weekend marks the last call for auditions for the second season of "Project Runway." After days at Banana Republic in Rockefeller Center earlier this week, the scouting team heads to Miami Friday and Saturday to hole up at the Sofitel to meet the future Michael Kors and Donna Karan. Potential contestants are asked to bring three articles of clothing of their own design and a picture portfolio. Best of luck, and you may now leave the runway.KOURNIKOVA RETURNS: Except for her canoodling with Enrique Iglesias, Anna Kournikova hasn’t been in the limelight much these days, but the former tennis star is slated to come out on behalf of her longtime sponsor Adidas to open the company’s new performance store in SoHo on May 7. Although she hasn’t played competitive tennis in nearly two years, Kournikova still represents Adidas at clinics and events nationwide. Boxer Laila Ali, football player Jeremy Shockey, basketball star Sebastian Telfair and members of the New York Yankees are among the athletes scheduled to help to cut the ribbon and sign autographs in a day of activities at the company’s largest sport performance store.COSTUME DRAMA: For the first time, a stage character will be wearing Miu Miu, now that Miuccia Prada has agreed to provide pieces from the line’s current and previous collections to the protagonist and two male characters of the comedy “Tiny Alice,” written by Edward Albee of “Who’s Afraid of Virginia Woolf?” fame, and directed by Abel Ferrara. The play also marks the theatrical debut of the American director. “Tiny Alice” will run April 26 to May 8 at the Colosseum Theater in Rome, not to be confused with the ancient Roman monument.BOTTOMS UP:  As if anyone needed an excuse to indulge in happy hour, the denim label Salt Works is implementing a summer-long happy hour tour around the city called Salt Happy Hour. The New York-based company, which names its jeans after New York City streets, will make stops at various bars across the city twice a month to meet-and-greet the New Yorkers who inspire them. Salomon Smeke, owner of Salt Works, and Victoria Allen, its designer, will kick off the tour Monday at Tortilla Flats at 767 Washington St. from 5 p.m. to 8 p.m. Smeke and Allen will give away free pairs of jeans, not to mention margaritas.

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