One of our favorite bottom-line-friendly department stores—Macy’s—has announced a deal with Tommy Hilfiger that will make them the exclusive department store retailer for the designer giant by the fall of 2008.

Hilfiger sportswear for men (and women) already retails at Macy’s, of course, but the new deal gives them exclusive rights, so current retailers like Dillard’s and Belk will be phasing out the designer’s lines.

What this means for Hilfiger: A chance to rebuild brand power in the US.

What this means for Macy’s: A brand coup like this is nothing more and nothing less than a smart way to grow the department store’s retail market with the power of name-recognition. It’s just good business.

Most importantly, what this means for us: It’s just further evidence of the power of our retail dollars in an increasingly competitive fashion market. Mid-level retailers like Macy’s continue to find ways to join forces with major brands and designers in order to attract fashion-savvy and budget-conscious shoppers. Like us.

photo from Forbes.com

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The Deal: Embossed Italian Leather Belt, only $34, reduced from $68

The Lowdown: This genuine leather belt is embossed with a crocodile pattern, available in a rich black to complement any suit, dressy khakis, or basic dress pants for a balanced and pulled-together look. No crocodile hunting necessary.

Buy It: @ Brook’sBrothers.com

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What: Assorted sale t-shirts at Old Navy

The Lowdown: Check out these patterned t-shirts from Old Navy—they’re a fresh option (really) for your fall layering fetish (if you don’t have one, you should). Available in five patterns, and sizes S through 3X, for just 8 bucks.

Shop: @Old Navy

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Halloween is coming, and you still haven’t got a costume. We had a feeling it might come to this, so Jack’s got your back: here are some cheap and easy suggestions to help you save face:

Bill Belichick: Cut the sleeves short on a Patriots sweatshirt, slip on some sneakers, athletic pants, and a headset. And since New England is undefeated thus far, you can go ahead and look pleased with yourself. Cost: $5-$40, depending on if you already have the sweatshirt.

Game Show Host: Go to the thrift store, and pick up a checked coat, polyester slacks, and the tackiest loafers you can find. Heavy on the hairspray (think helmet) and cheesy grin. A microphone (find one in the toy department at Target or WalMart, cheap) will complete the picture. Cost: $5-$25, and if you’re going as a couple, she can dress up as the lovely assistant.

Identity Crisis: Cover yourself with “Hello: My Name is _____��? stickers. Done. Cost: $3 for the stickers.

Leftovers: Wrap yourself artfully in aluminum foil, and stick on a big label that says “leftovers.��? Alternatively, wear a clear plastic garbage bag, emblazoned with the word “Ziploc.��? Cost: $0-$3, depending on if you have the foil or bags aleady.

And if you just don’t have the time or money (or inclination) to really pull it together, go ahead and click here to print out a mask (choose from Britney Spear, Barrack Obama, and more), for just the cost of paper and ink.

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What: Lord & Taylor in-store savings passes, good through Oct. 31

The Lowdown: Save 20% off coats, 15% off fine jewelry, and 15% storewide with these in-store coupons from Lord and Taylor – making this a good time to pick up a new jacket for the holidays, or something nice for the special people in your life (no need to wait until Dec. 24). The passes are good for both regular and sale priced merchandise – just be sure to read the fine print before you get to the checkout.

Shop: Click here to print your coupons, and here to find a Lord & Taylor near you. And if you can’t get to a store, click here for the retailer’s online deals, and shop from home.

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