Loafers are typically very simple shoes. But each pair ... likens them to “The Row on a budget, baby,” as they have an austere quality that’s characteristic of the Olsen twins–founded ...

baby. J.Crew does the quintessential penny loafer to a T, with a tassel and fringed-leather detail designed to protect the shoe from dirt (but really it also just adds a nice, preppy flair).