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There's always a new jacket trend catching the attention of the Fashion Month crowd. Last season, it was oversized bomber jackets , but for fall 2026, leather peplum jackets were the surprise hit with the street-style set. Defined by nipped-in waists and flared hems, the silhouette is back after a long hiatus, this time with a decidedly modern feel.

The new leather peplum jackets run the gamut, from collarless styles with sculpted waists to roomier shapes with adjustable drawstrings that let you decide just how much volume you want. Belted iterations offer another take on the classic hourglass silhouette , while softer, more relaxed versions feel a little less ladylike. It's a far cry from the peplum jackets of the early 2010s, with just enough of their original appeal intact.

When it comes to styling, it's all about balancing proportions.…