I haven't owned a suit since the 90's...but yesterday I actually bought one at Banana Republic! I don't have a corporate job, so there's no "need" for one at all. It wasn't on my list to buy either. What happened was I really fell for the fitted BR jacket, and the salesclerk brought me the matching skirt. Everything was 40% off, so I just went for it. I'm still not sure if it's something I need--or even want. I've ordered the matching straight-leg pants, so I'll post some pics when those arrive.
Even though a suit wasn't on my list, it feels fresh to me again....
Here's the suit. The color isn't really "navy" but more of a mid-tone blue:
http://bananarepublic.gap.com/.....=323424012