You know we love New York & Company —one of our favorite affordable stops for super cute and current workwear separates—and apparently Katie Holmes does too. The Tom Cruise-wife, Suri-mom (isn’t she an actress too?) is increasingly viewed as a chic fashion trendsetter, but apparently she’s not all designer, all the time—she was recently spotted rocking this fab plaid trench from NY&Co., which is currently available in stores for only $74.95 (it will be available online in December). Plaid, of course, is super hot for Fall . . .

Go to New York & Co. to find a store near you.