Katie Holmes

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We love the way Katie Holmes mixes fashion steals with her designer duds. Take this casual outfit for example, where Katie pairs her $326 Prps jean shorts and $390 Oliver People’s sunglasses with $175 Kenneth Cole sandals! We love the boho vibe that the “Fringe Me” sandal adds to this look. Want Katie’s sandals for yourself? Kenneth Cole is giving PEOPLE.com readers 20% off her exact pair! All you have to do is enter the code “W042209″ at checkout when you buy them at kennethcole.com. Now you can score these must-have sandals for just $140. Check out more exclusive deals only for PEOPLE.com readers here. Katie’s not the only star rocking affordable fashion. We’ve spotted celebs like Eva Longoria Parker, Blake Lively, Lindsay Lohan and more mixing luxe labels with finds from A/X, H&M and other budget friendly stores. Think you can spot a deal? Take our quiz to test your bargain hunting skills.

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Katie Holmes is no stranger to changing up her look, but for nearly a year the star has made shorter hair her signature style — from her banged bob to her pixie cut — and spawned a trend of stars and non-stars alike chopping off their locks. So we could hardly believe our eyes when we saw Katie hit the Valkyrie red carpet in Tokyo just hours ago with lush, full locks that look to be a full foot longer than the bob she’s recently favored. Only time will tell if this was a one-night look or if she’s back to long for a while, but we love that she never stops trying new styles! Tell us: Do you love Katie’s new longer hair? Or should she go back to a shorter look?

Courtesy Miu Miu

Yesterday, we showed you one of Katie Holmes’s striking ads for Miu Miu, and today we have another image from the Spring 2009 campaign exclusively for PEOPLE.com readers. The star shows her flair for the dramatic, put to excellent use in her recently-lauded Broadway turn, putting her outstretched hand to a flame. We can’t wait to see the full ad campaign after seeing those two gorgeous images!

Missed seeing Katie’s other ad? Click here!

Courtesy Miu Miu

Turns out that Victoria Beckham isn’t the only star with a new ad being revealed today — it’s a big day for the new face of Miu Miu, Posh’s pal Katie Holmes! The atmospheric color ads are also shot by Mert & Marcus and feature the actress against a blazing sky that the label says is meant to evoke “a certain Fellini-esque chaotic excess.” As for the star herself, a statement from Miu Miu explains that she “portrays a luminous icon radiating a sense of mystery and theatricality.” We just know that Holmes has never looked more glamorous, and we can’t wait to see the full set of images as they roll out in magazines this spring. Tell us: What do you think of Katie’s new ad?

Lisa Mauceri/INF

Whether it was her stylish bob or shabby chic boyfriend jeans, Katie Holmes has certainly been one of this year’s biggest stylesetters. The film and Broadway star is always a showstopper in classic pieces but isn’t afraid to go for a bit more edge sometimes, like when she stepped out in denim shorts with tights recently. But this unexpected winter ensemble, paired with a coat, scarf and slouchy boots may not work on everyone. The editors at StyleWatch want to know what you think. Tell us: Would you wear shorts with tights?

Steve Granitz/WireImage

Rumors have been swirling for weeks that Katie Holmes is starring in the next Miu Miu campaign — sources confirm exclusively to PEOPLE.com that the actress will be the next face of the high-fashion line. No details on the specifics of the campaign are out yet, but chances are we’ll have to wait a few more months to see the images as it’s the Italian label’s Spring/Summer ad campaign. Holmes follows in the star-studded footsteps of previous Miu Miu models Lindsay Lohan, Kirsten Dunst and Johnny Depp’s lady-love Vanessa Paradis. We’ll keep you posted with more details as we get them. Tell us: are you excited to see Katie’s ads?

Evan Agostini/AP

As if starring in a Broadway play wasn’t enough, Katie Holmes created her own stunning outfit for the opening of All My Sons last night. In partnership with her stylist, Jeanne Yang, Katie dazzled in a gorgeous jumpsuit of her own creation with influences that seemed to span the decades, from the delicate black lace at the neck fit for an Old-Hollywood screen siren to the Halston-inspired white silk all-in-one gathered at the waist and ankles. It’s not the first time Holmes has worn one of her own creations, sporting a chic Holmes-Yang navy halter dress to the L.A. premiere of husband Tom Cruise’s film Tropic Thunder in August. While there’s no word of anything in the works, we’d love to see Holmes create a clothing line. Tell us: Do you think Katie should be the next star to produce her own collection? Would you wear one of her designs?