This item fits perfectly. I bought my 3 year old 4-5t in the spring and put it on it two weeks ago and it was huge. I had to put last year's coat on him, it has holes under the arms and the padding is coming out of the seams. He was getting a little warm so he didn't get a chance to put his new coat on (without complaining) but it fits well. There is no wool lining on the sleeves.
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