For Kors, fashion's shift towards entertainment over practicality is the biggest challenge facing his brand. He believes that designers are more focused on being trendy than creating products that genuinely meet customer needs.
The 44-year-old designer finds it frustrating that attitudes toward sizing in the industry are not more progressive. While he has been criticized for his inclusion of a range of sizes, he argues that fashion should be about including people from all walks of life. "I think fashion people can be overly trendy," Kors says. "They think things are a trend rather than actually moving something forward."
At the heart of this shift is the changing market landscape, where luxury prices have increased by 25% since 2019. This has priced out many aspirational customers who would previously save up to buy designer items once or twice a year. Capri Holdings sees an opportunity here and is focusing on appealing to this mid-tier market.
Kors' brand has always been known for its "brilliant price point," with bags like the Quinn tote hovering around Β£230 and the Hamilton bag priced at Β£275. The brand's ability to offer high-quality products at affordable prices has been key to its success.
As Kors embarks on his latest project, a new flagship store in London, he emphasizes the importance of staying curious and open to customer feedback. "If you lock yourself in your atelier and you're only surrounded by your circle of friends or your circle of employees, you're gonna limit yourself," he warns. For him, it's not about creating products that are just functional but also delightful.
The designer isn't focused on succession plans, preferring to stay in the moment and adapt to changing trends. While he is nostalgic for his earlier collections, he recognizes that his brand has evolved over time and continues to evolve with its customers.
Ultimately, Kors believes that fashion should be about creating a sense of community and inclusion. "If you're a good designer and you like people, your job should be to be a problem solver for different ages, different sizes, different heights and so on," he says.
The 44-year-old designer finds it frustrating that attitudes toward sizing in the industry are not more progressive. While he has been criticized for his inclusion of a range of sizes, he argues that fashion should be about including people from all walks of life. "I think fashion people can be overly trendy," Kors says. "They think things are a trend rather than actually moving something forward."
At the heart of this shift is the changing market landscape, where luxury prices have increased by 25% since 2019. This has priced out many aspirational customers who would previously save up to buy designer items once or twice a year. Capri Holdings sees an opportunity here and is focusing on appealing to this mid-tier market.
Kors' brand has always been known for its "brilliant price point," with bags like the Quinn tote hovering around Β£230 and the Hamilton bag priced at Β£275. The brand's ability to offer high-quality products at affordable prices has been key to its success.
As Kors embarks on his latest project, a new flagship store in London, he emphasizes the importance of staying curious and open to customer feedback. "If you lock yourself in your atelier and you're only surrounded by your circle of friends or your circle of employees, you're gonna limit yourself," he warns. For him, it's not about creating products that are just functional but also delightful.
The designer isn't focused on succession plans, preferring to stay in the moment and adapt to changing trends. While he is nostalgic for his earlier collections, he recognizes that his brand has evolved over time and continues to evolve with its customers.
Ultimately, Kors believes that fashion should be about creating a sense of community and inclusion. "If you're a good designer and you like people, your job should be to be a problem solver for different ages, different sizes, different heights and so on," he says.