Live

Watch CBSN Live

Step Out in Style This Fall

Want to step out in style this fall?

In this week's "Early's Fall Fashion Extravaganza" series, "The Early Show" is sharing the season's cutting-edge looks that you can make your own.

On Tuesday, Elise Loehnen, editor at large of Lucky magazine shared word on the hottest shoes and bags for fall.

In the past few years, Loehnen said, we've seen the platform shoe rule the runway and big bags grace the arms of Hollywoods hottest stars. But this year, which trends are back -- and what new ones can we expect?

Loehnen said the biggest surprise this season is that you can spend far from a fortune on a really classic, elegant-looking bag that features stamped leather or fancy-looking hardware, among other designs.

"It used to be that the more affordable brands concentrated on trendier spins," she said, "but these days they're doing really classic shapes, too."

At Lucky, Loehnen said, they see hundreds and hundreds of shoes and bags a season that they cull through and create annual fall shoe and bag guides, which highlight the biggest trends at all price points. Bags and shoes, she said, have never been easier to buy, too -- especially online. She said you can go to sites, such as Endless and Piperlime, and sort by every imaginable category to narrow down the perfect bag for you.

What is the must-have shoe and handbag of this season?

Loehnen said the must-have shoe is an ankle bootie. Whether it's a little bit rough-and-tumble or slightly 80s -- or even Victorian -- you can wear it as a heel or as a boot, which means you'll get a ton of work out of it.

Also, Loehnen said they're seeing tons of multi-functional bags. She said women might be sinking their money into only one bag, rather than multiple options, so there are oversized clutches that work for day and night, satchels that fold over and become evening bags.

"There's a lot of new innovation," she said.

However, the must-have bag is one that fits you and your needs.

"In this sort of economy," she said, "you should really sink your money into something that you'll use all the time -- so it's time to evaluate what your needs are, and what your bag usage pattern has been in the past."

For example, if you only carry big, huge satchels, then you need something from the motorcycle-y category. If you like a proper handbag that keeps everything super organized, Loehnen said, then you need a handbag.

Loehnen shared these hot bag and shoe fall looks on "The Early Show":

ULTRA FEMININE/'40s:

We're seeing tons of structured work bags and proper short-handled purses. Loehnen said she loves this one from Kate Spade. She said the pink patent really pops, but still looks totally classy.

These bags are perfect when paired with T-strap sandals or the classic platform pump, according to Loehnen. She added, the L.A.M.B. sandals are amazing - so colorful and statement-making - they are $300, but you can opt for a less expensive style too. Also, she said, don't fear, you can wear the sandal with tights (as shown on model).

Bags:
Pink patent, Kate Spade, $345,
Blue suede, Talbots, $149
Ivory leather, Brahmin, $255,
Silver, BCBG, $128,

Shoes:
Silver pumps, Calvin Klein, $98,
Gold toe pump, DKNY, $275
Purple t-strap, Report Signature, $195
Multi t-strap, L.A.M.B., $299.95

MODEL MACKENZIE'S LOOK:
Bag: Kipling, $178,
Shoes: Kate Spade, $300

Mackenzie is donned in a super feminine style that harkens the ever-popular Mad Men craze. She is polished, buttoned up, but still totally feminine. Here we combine a short handle purse with t-strap sandals for a dainty, but work-appropriate look.

SOFT '80s

Loehnen said this trend is so much fun. "It's totally edgy, but still colorful and girlie," she said.

Pulling this off, she said, is all about the right styling -- you should pair to more over-the-top accessories with a more pared down look.

Fold over bags, she added, are the coolest, most practical trend we're seeing. It's basically two bags in one. She explained you can use it as a tote, and it's huge and fits everything. Then for evening, she said, you can fold over the top and carry it as a clutch or over the shoulder.

"It's great to take from day to night," she said.

Then there are clutches. Some great options, she said are a bit oversized and bright -- perfect to accent a basic outfit.

As for shoes, Loehnen said, over-the-knee boots are making a big comeback.

"They are sexy and flirty," she said, adding you should make sure to wear a skinny pant with them so you don't add bulk to the lower leg.

Bags: 80's clutch and foldover
Grey foldover, Lucky Brand, $199,
Black foldover, Guess, $125,
Snakeskin clutch, Mark, $20,
Suede clutch, JJ Winters, $337,

Shoes:
Brown Boots: Dolce Vita, $352, (over the knee)
Black Boots: Sam Edelman, $275, (over the knee)
Red wedge: Madison Harding, $275, (ankle boots)
Grey wedge: =http://www.macys.com>Paris Hilton Footwear, $149, (ankle boots)

MODEL INDIRA'S LOOK:
Indira is dressed in a casual weekend look. This oversized sweater and denim legging pairs perfectly, Loehnen said, with these grey boots and red bag. She looks casual and a bit '80s, Loehnen said, with the off-the-shoulder stripes, but these accessories are actually totally practical. Loehnen said the look is easier to pull off than you might think.

Bag: $78, Urban Expressions
Shoes: Guess, $199,

RUGGED/TOUGH

We're seeing everything from biker chic to outdoorsy/rugged. These shoes and bags, Loehnen said, are here take you through the trend.

Loehnen started with the drawstring bag. She said it's a classic, also known as the bucket bag. She said we've been seeing zipper bags or tote bags for so long that it feels very new for fall. The bucket bag is slouchy and useful, she said, but make sure that it's not too big -- you don't want to throw too much inside.

She added the backpack is having a huge moment right now. Loehnen said maybe it feels very school-girl, but actually, it's chic and practical for a day on the town. She added it has a great variety of outside pockets, and various ways to hold it.

Bags: Backpacks & Drawstring Bags
Green/Brown drawstring, Etienne Aigner, $88,
Maroon drawstring, Michael Kors, $348,
Brown backpack,
Canvas backpack, Filson, $245

Shoes: Lace-Up Ankle Boots and Motorcycle Boots
Black motorcycle boots, Madewell, $230
Brown motorcycle boots, Via Spiga, $298
Tan suede lace-up, Sam Edelman, $169
Brown leather lace-up, Dolce Vita, $198

MODEL MICHELE'S LOOK:
Michele sported the biker look to show us how to accessorize these shoes and bags.

She has the whole look going on with a tough vest, paired with her motorcycle boots and drawstring bag. Also, Loehnen said you can even pair these boots with something more feminine, they will become a staple, trust me. She suggested you play around with them and make them work for you.

Bag: 7Chi, $170
Boots: Frye, $268