TEE TIME: The Fashion Institute of Technology's Second Annual Golf Classic on May 8 raised more than $250,000. The sold-out event, sponsored by the Educational Foundation for the Fashion Industries, was held at the Quaker Ridge Golf Club in Scarsdale, N.Y. Among the 124 participants were Roger Farah, David Chu, Stephen Sadove, Philip Bleser, Arnold Cohen, Abbey Doneger, Gilbert Harrison, Laurence Leeds and John Pomerantz. A live auction was conducted for such items as tickets to a New York Giants football game and the U.S. Open, and threesomes to major golf clubs including Baltusrol, Winged Foot, Trump National, Century and Quaker Ridge. Proceeds from the event benefit FIT's Educational Development Fund, which is used for scholarships and financial aid, curriculum development, student services and the maintenance of the physical and electronic environment.

DOWNTOWN THEORY: Contemporary label Theory is opening the doors to its newest store at 151 Spring Street today. The 1,600-square-foot unit, located between Wooster Street and West Broadway, will offer the brand's women's collection and accessories. The store, which has a raw feel, will be outfitted with vintage furniture. This is the second Theory boutique in Manhattan. A third flagship is expected to open on 38 Gansevoort Street this fall. Presently, the company has nine full-price stores in the U.S.

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