We're longtime fans of Katie Holmes' timeless style, so it was little surprise to see her carrying a true classic: The Lands' End signature striped tote. The structured canvas bag has been an icon for decades, and the actress was spotted carrying it while strolling around New York City last fall. She opted for one accented by bright red stripes, which she paired with wide-leg dark denim and a quilted jacket. And though her outfit may seem high-end, the tote itself is shockingly affordable.