There's no denying that Mary-Kate and Ashley Olsen [1] have become integral parts of the fashion world. Long gone are their childhood days spent wearing scrunchies and overalls on the set of Full House. The entrepreneurial duo is now regularly spotted wearing bold, memorable outfits [2] that provide fashionistas everywhere with a wealth of style inspiration [3]. Not to mention, they're both trusted fashion designers with their own label, The Row, and a contemporary collection, Elizabeth and James.

The former childhood stars sat down with Net-a-Porter's The Edit [4] for a photo shoot and exclusive interview about the Spring 2017 Elizabeth and James line, which is flawlessly simple yet chic, as per usual. In the interview, Mary-Kate described the new collection as "the new luxury," adding that "it's the idea that you can still have fashion, great fabrics, and great fits at a lower price point."

In addition to talking about their private family lives [5], the sisters chatted about the secret fashion tips they followed at a young age, and it looks like they've always had a knack for coming up with genius styling hacks. Mary-Kate explained how she and her twin sister grew up adjusting clothes in order to fit their smaller frames. "We would take adult clothing and cut it down to our size, change the proportions," she said. "I think from a young age we understood fit in a very different way because we are so petite."

The influential designers also shared a sweet tidbit about how they seek to use fashion to make women feel good about themselves. "We just want to help women feel however they want to feel," Mary-Kate said in the interview. "Every once in a while, we want to change our perfume or our haircut; we want to wear heels or flats. We just like to switch it up. That's the beauty of clothes." And what a beauty that really is!