Loafers are laceless shoes often featuring a Moccasin-style construction. The comfortable slip-on shoe is perfect for adding a stylishly relaxed touch to formal outfits. Although loafers can work with a number of looks, they pair great with suits, especially those worn with flare. Choose between varieties such as classic Penny loafers and tassel loafers in leather for a unique and dapper look. If you really want to impress, however, a decadent pair of velvet loafers will undoubtedly do the trick.