This week on 1st/Look New York, it's Paris by way of Wall Street, as the financial district welcomes the French house of Herm�s to this burgeoning shopping district. At Herm�s' second swanky New York boutique (the first is located in a sprawling Madison Avenue townhouse) the Wall Street crowd can shop for the label's signature silk ties, scarves, and handbags just steps away from the New York City Stock Exchange.

This posh, elegant location is clearly tailored for the finance crowd: a wall of ties greets you when you enter the shop, including a limited edition Bull and Bear tie that nods to the rise and fall of the market. George Oliphant speaks with the president of Herm�s U.S.A., Robert Chavez, at the new Herm�s shop and previews the luxurious fashion, housewares, and accessories.

Get Out Your Suits And Gloves, The Polished Look Is Back

NEW YORK -- OK, it's time to get serious.Fall fashion this year is about a proper suit, long leather gloves, an oxford shoe or a power pump, and a structured handbag. It completes the 180-degree revolution away from the loose and carefree bohemian styles that were all the rage mere seasons ago.The word that best defines the new look is polished -- which is, of course, an old look."It really is a head-to-toe look with matching handbags and shoes. When was the last time we saw that?" said Sandra Wilson, accessories fashion director at Neiman Marcus. "We feel good about ourselves when we dress like this. It just looks right. There's no more messiness -- I feel that's the period we're in right now."It's a reaction we've seen before: In the 1990s, for example, grunge in the early part of the decade was replaced by super-sleek styles as we headed toward the new millennium."We're coming off several seasons inspired by the '60s, and the youthful mod look was in -- babydoll and trapeze dresses all summer long.