Fashion News and Shopping For Week of January 2, 2012

We're well into the first week of the New Year and we have three words for you: hot, hot, hot. That's the only way to describe our reaction to David Beckham's latest ad campaign for his H&M underwear collection; it's certainly the way Mila Kunis looks in the newest batch of Dior editorials; and model Lily Aldridge's low-key luxe style is what we're currently lusting after. For all this — plus cool street style snaps, sweater dressing tips, and a pointy-toe pump resurgence — catch up on all the week's best fashion news right here. Click through for all the updates in one place now.