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Bursting many bubbles, JCrew creative director Jenna Lyons told the Today Show this morning that out of respect for the First Family the company will retire the purple color of the "lady day" coat Malia wore for her dad's inauguration yesterday. And they won't reissue the bridal sash that Michelle Obama wore as a belt with her Thom Browne coat. Fine, be that way. [Racked]