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    When New Balance introduced its 1906L loafer in January—at Paris Fashion Week through a collaboration with Junya Watanabe—people were understandably skeptical. The striking combination of a traditional New Balance sneaker silhouette and the build of an honest-to-goodness penny loafer seemed like yet another effort of fashion trolling, an attempt to whip up a social media frenzy based on eye-popping contrasts and an overtly impractical design. A critic at The New York Times called it “a meme...