It's the August issue, with actress Amy Adams on the cover. (She was one of the stars of last year's "Miss Pettigrew Lives For A Day," a film that referenced Lombard several times as part of its plot.) But it's inside where we find Carole, circa 1931:
It's Lombard from the early '30s, before she had earned a reputation as an actress, but long after she had earned a reputation as a beauty. She indeed looks like one of those women who could be draped in just about anything and still look magnificent.
The Lombard photo was part of a page; what a study in contrasts!
Those three models on the page are attractive, but comparing them to Carole would be like comparing one of today's center fielders to Joe DiMaggio -- an exercise in futility. Carole Sampeck of The Lombard Archive, who not only alerted me to this but scanned the pictures for me, commented, "These are some VERY silly clothes. CL is the best looking (and best-dressed) one on the page!" And I concur.
So if you see some women seductively walking around this August with bare arms complementing their gowns, and you like what you see, credit Lombard. She's still influencing fashion.