<?xml version="1.0" encoding="us-ascii"?><InstanceReport xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><Version>2.4.0.8</Version><ReportLongName>020 - Disclosure - Accounting Policies, by Policy (Policies)</ReportLongName><DisplayLabelColumn>true</DisplayLabelColumn><ShowElementNames>false</ShowElementNames><RoundingOption /><HasEmbeddedReports>false</HasEmbeddedReports><Columns><Column FlagID="0"><Id>1</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;On

      June 7, 2013, the Company sold certain assets of the scott

      james clothing brand and line. In 2011, the Company sold

      certain assets of its women&amp;#8217;s businesses, Hampshire

      Designers, Inc. (&amp;#8220;Hampshire Designers&amp;#8221;) and

      Item-Eyes, Inc. (&amp;#8220;Item-Eyes&amp;#8221;). In accordance with

      GAAP, the financial position and results from operations for

      these businesses have been presented as discontinued

      operations. See Note 9 &lt;i&gt;&amp;#8211; Dispositions and

      Discontinued Operations&lt;/i&gt;.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for any discontinued operations. The results of operations of a component of an entity that either has been disposed of or is classified as held for sale is reported in discontinued operations if both: (a) the operations and cash flows of the component have been (or will be) eliminated from the ongoing operations of the entity as a result of the disposal transaction and (b) the entity will not have any significant continuing involvement in the operations of the component after the disposal transaction. If the entity elects to allocate interest expense to a discontinued operation, it may disclose its accounting policy for this election and describe its method of allocation.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;On

      June 10, 2013, the Civil Court of the City of New York ruled

      that the Company was entitled to rent abatement for all but

      approximately $0.2 million of the $7.1 million claim by the

      receiver of the landlord of the Company&amp;#8217;s New York

      Office lease. The Company had accrued approximately $6.3

      million for disputed unpaid rent and reversed approximately

      $6.1 million of the accrual in the quarter ended June 29,

      2013, which is reflected in &lt;i&gt;Lease litigation

      settlement&lt;/i&gt; on the Unaudited Condensed Consolidated

      Statements of Operations&lt;b&gt;.&lt;/b&gt; See Note 7 - &lt;i&gt;Commitments

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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;The

      Company has evaluated subsequent events from the date of the

      unaudited condensed consolidated balance sheet through the

      date that the financial statements were issued. During this

      period, no material recognizable subsequent events were

      identified, except as disclosed in Note 2 &lt;i&gt;&amp;#8211;

      Acquisitions,&lt;/i&gt; Note 8 &amp;#8211; &lt;i&gt;Taxes,&lt;/i&gt; Note 12

      &lt;i&gt;&amp;#8211; Related Party Transactions&lt;/i&gt; and Note 13 -

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      Accounting Standards&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;

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      new accounting pronouncements, issued or effective during

      2013, have had or are expected to have a significant impact

      on the Company&amp;#8217;s consolidated financial

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