I have to admit that this is a very clever design. (sorry, but somehow I have a bias against anything from the Olsen sisters)
This single piece can be a classic trench coat; or, unbutton the sleeves and wear it as a dress; or, wear the sleeves piece alone as a cute jacket. Wow, talk about versatile!
Elizabeth and James Trench Coat Dress, $595 at Net-a-Porter.
Coat:
Dress:
(ooh, loving that bag - it's Mui Mui)
Jacket:
Every year, J. Crew makes the best little jackets. This spring I am loving the Washed Ruffle Collar Short Trench Jacket. $158, sale $118. The inner ruffle part of the collar buttons on and off, so it is optional. I would take it off I think.
I can add this one to my collection from past seasons:
Ellie Jacket (2007)
Chino Bowery (2007) (looks cuter in person)
Fiona Madras (2008)
etc. etc.
They've certainly come a long way since the Barn Jacket!
These two faux fur coats by Juicy Couture look pretty nice. It's a difficult thing to do, nice faux fur that is. (take a look at the ones at Express for not nice)
Dark brown faux-fur coat with tonal ruffled trim. Peter Pan collar; button front. Long sleeves with button cuffs. Length from shoulders, approximately 22". $398.
They look so good, you'd hope to not run into anyone from PETA!
I usually hate nearly everything Katherine Heigl wears (seriously, those sunglasses make her look like an alien), but check out this super cute cropped trench. 
I'm going to try to figure out who makes this. Juicy Couture makes something similar, but not quite. Mabye it's Marc Jacobs or Burberry??? I'll report back when (if) I figure this one out.
InStyle magazine is saying that one of the top 12 trends for Spring is trench coats. Uh, duh! Aren't trench coats always in style? I am personally obsessed (and have been for several years) with finding the perfect one that doesn't cost a fortune. (yes, someday I will get a coveted Burberry!) Banana has come close, but in the last few years they had been cutting them A-line, which I think is a mistake. A trench coat should be cut straight. Banana has one this season too, the online picture isn't very good (see below) you can't really tell if it's A-line or not, and the description doesn't say either. Anyway, here are some options:
Loro Piana $1995 
Dolce & Gabbana $1695 
Prada $795 
Banana Republic $198 
Gap $88 
Banana is having an online special right now, 15% off until March 1, so the $198 trench would be $168.30! $795 for the Prada seems quite reasonable, but it looks more flimsy than the others so maybe it's not lined?
