Lazaro Hernandez and Jack McCollough had a lot of news at their preview today. First: Their Madison Avenue store is scheduled to open next month; second, there's another Manhattan store in the works, a downtown answer to the uptown flagship; and third, they've got three new launches—denim, a bag called the PS13, and their first small range of jewelry.

Headlines like those could scoop the clothes, but the Resort collection more than holds its own, despite the fact that the designers say they're focused on "creating product—wearable, salable clothes that girls want." Come to think it, that's precisely why it looked so good. A round-shouldered tweed coat, spongy oversize tee, and slouchy faded blue jeans (retail $230) didn't break new ground, but we can list whole offices full of New York women who'd like to look that way walking down the street come November. On the other hand, they revisited the fashion-forward oversize silhouette they introduced on their Fall runway, but here the pants and blouson jackets came in a lighter-weight, easier-wearing leather. Leather is a big push for the PS team this season.

In addition to the big pants, they designed another style—boot-cut and cropped—that should keep the new boutiques full of customers later this year.