When it comes to designer fashion, there is no denying that Michael Kors reigns supreme. But why is Michael Kors so expensive? What sets his clothing apart from the competition?
In this blog post, we will take a look at some of the reasons why MK prices are so high. We will also explore whether or not his prices are worth it.
The Brief History Of Michael Kors
Michael Kors is one of the most successful fashion designers in the world. His namesake company, founded in 1981, is known for its luxurious and sophisticated clothing, handbags, shoes, and accessories. But how did this successful designer get his start?
Kors was born in Long Island, New York, in 1959. His mother was a model, and his father was a producer for television.
From an early age, Kors showed an interest in fashion. When he was just five years old, he designed his first collection of women’s clothing.
He later attended the Fashion Institute of Technology but dropped out after only nine months. After working for several different fashion houses, Kors launched his label in 1981.
His first runway show was held that same year, and it was an instant success. Among the guests in attendance were First Lady Nancy Reagan and socialite Diane von Furstenberg.
Kors quickly became known for his clean and chic designs. He often used simple silhouettes and classic fabrics like jerseys and cotton twill.
In 1997, he became the creative director at the French fashion house Celine. He remained there until 2003 when he returned to focus on his label full-time.
Today, the Michael Kors brand is worth an estimated $11 billion. It is one of the most successful fashion labels in the world.
The Most Famous Bags Of Michael Kors
One of the most iconic fashion designers of our time, Michael Kors is known for his classic and chic designs.
His bags are no exception, and over the years he has created some truly iconic styles that have been embraced by celebrities and fashionistas alike. Here are just a few of the most famous bags from Michael Kors.
The first is the ‘Hamilton’ bag, named after one of Kors’ muses, actress Nicole Kidman. This elegant tote features a structured silhouette and sophisticated gold hardware.
It’s perfect for carrying all your essentials in style, whether you’re running errands or going to the office.
Another popular bag from Kors is the ‘ Sutton ‘. This chic crossbody bag is perfect for days when you want to travel light. It comes in a variety of colors and features a leather strap and gold hardware.
If you’re looking for a larger bag, the ‘ RHODES ‘ shopper is a great option. It’s roomy enough to carry all your daily essentials, but its streamlined design keeps it looking chic. The Rhodes shopper comes in a variety of colors, but the classic black version is always a winner.
No matter what your style, there’s sure to be a Michael Kors bag that’s perfect for you. His iconic designs are timeless and stylish, and they’re sure to become your new go-to accessory.
Why Is Michael Kors So Expensive?
Although luxury fashion labels are touted as being made of the finest materials and superior to all other things, are they truly this good or are they just hype?
Is a Michael Kors bag preferable to an unbranded bag or a bag from a lesser-known brand? In addition, why do Michael Kors items cost so much? Here are some of the reasons why.
1. Advertising Costs Are High
By utilizing a strong advertising strategy, Michael Kors has become one of the most well-known fashion brands in the world today.
There is good news here: while Michael Kors products use only the highest quality materials, their exorbitant price doesn’t detract from their superior quality.
The Michael Kors brand is well-known for its luxurious and modern designs. Its products are often emblazoned with the company’s iconic logo, and its advertising campaigns feature some of the biggest names in the fashion industry. However, all of this comes at a cost.
The Michael Kors brand has one of the highest advertising budgets in the industry, and this expense is passed on to consumers in the form of higher prices.
In addition, the company’s flagship store is located in one of the most expensive shopping districts in New York City.
Rent and labor costs are also factored into the price of Michael Kors products. As a result, shoppers should be prepared to pay a premium for the privilege of wearing one of these coveted designs.
2. A Favorite Among Celebrities
This eponymous brand is known for its sophisticated and timeless designs, which have been worn by some of the most celebrities in the world.
From Hollywood actresses to Victoria’s Secret models, Michael Kors’ clothes are often seen on the red carpet.
Because MK’s bags, shoes, apparel, and jewelry have been worn by the likes of Halle Berry, Michelle Obama, Viola Davis, and Kate Hudson, it’s no surprise that their products are pricey.
There is a strong correlation between the popularity of a product and the number of times it is worn by A-list celebrities, which drives up the cost of the item.
3. It’s A Well-Known Brand
Due to Project Runway, Michael Kors is more popular than other labels like Coach and Kate Spade, even if they are popular in their own right.
As more people learned about the brand, it grew in popularity and became one of the more recognizable names people want to be associated with. Prices for MK bags and other products went raised as a result of this.
You’ll pay a lot of money for the Michael Kors brand name if you buy a handbag from them. Even if it sounds silly, people will always pay more for designer labels, regardless of how pricey they are.
Michael Kors purses are created in a limited amount, which is why individuals purchase them when they want to appear exclusive.
Consider that the Michael Kors brand’s success in the high-end fashion industry is partly due to its ability to keep its items reasonably priced, even in the luxury goods market.
One of the causes for the high prices is the brand’s Enormous prominence, which has 870+ stores throughout the world, including larger flagships in major cities like New York, Milan, London, and Paris.
4. Limited Production Feature For Its Products
One of the reasons the Michael Kors brand is so expensive is that they produce a limited number of each bag design.
For example, the “Jet Set” bag style comes in many colors and prints, but there are only 500 made of each color/print combination. This makes the bags very exclusive and coveted by many fashionistas.
To ensure strong demand and high prices, numerous designer labels have embraced this idea across all product categories.
By making a small number of high-quality pieces, they can keep production costs low.
5. High-Quality Materials
There are certain exceptions, but major designer fashion firms know that their customers are willing to pay a premium for the highest quality products, regardless of how others may perceive the costs to be.
The high price tag on their items comes from the use of high-quality materials like leather and suede, as well as intricate details and craftsmanship.
For instance, their leather handbags are made from full-grain cowhide which has undergone a chemical-free tanning process to make it extra soft and supple.
Furthermore, the applied hardware on their bags is either plated with gold or rhodium to maintain a polished look while also being durable.
In terms of clothes, Michael Kors uses a variety of fabrics like wool-cashmere blends and silk twill to create timeless pieces that will last for years.
Designers and manufacturers at Michael Kors believe part of the bags’ exorbitant price comes from the luxury brand name that they’ve given to them.
Using a premium-quality fabric for the bags takes a high degree of experience and craftsmanship, both of which are pricey – as is the fabric used – and this is why the bags are expensive.
The use of exotic and unusual materials for the bags also drives up the price of Michael Kors handbags.
Joni Python Fringe Totes, $3500; Miranda Medium Totes $7000; crocodile skin and python are used in both of these bags, which is why they cost so much.
Is Michael Kors A Popular Brand?
Michael Kors is a good brand because his clothes are fashionable and well-made. His designs are unique and stand out from other designers. His products are also affordable, which makes his brand accessible to a wide range of people.
In addition, Michael Kors is a successful businessman who has built a global empire. He is an inspiration to many people, and his brand represents success, luxury, and style.
FAQs About Why Michael Kors is Expensive
Is It Fair To Say That Michael Kors Is A Luxury Brand?
Yes. Michael Kors is considered a luxury brand because of its widespread popularity, the distinctiveness and excellent quality of its products, as well as the fact that it offers high-end fashion items.
However, some argue that the label does not meet the true definition of luxury. For example, someCritics point to the fact that Michael Kors products are mass-produced, rather than being handmade by artisans.
Others argue that the branding is too commercialized and that the label lacks the exclusivity that is typically associated with luxury brands.
Ultimately, whether or not Michael Kors is considered a luxury brand is subjective. However, there is no doubt that the label has built a loyal following among fashionistas around the globe.
Is Louis Vuitton More Pricey Than Michael Kors?
There’s no denying that both Michael Kors and Louis Vuitton are high-end designers with a loyal following of fashion-savvy shoppers. But when it comes to comparing the two brands, there are a few key differences to keep in mind.
First, Louis Vuitton is significantly more expensive than Michael Kors. This is large because Louis Vuitton uses luxurious materials like leather and fur, which drive up the price point.
In addition, Louis Vuitton has a longer history than Michael Kors, which also contributes to its higher price tag. Finally, Louis Vuitton operates its factories, whereas Michael Kors outsources manufacturing to third-party facilities.
All of these factors combine to make Louis Vuitton a more expensive brand than Michael Kors.
Is Coach More Pricey Than Michael Kors?
When it comes to high-end fashion, most people automatically think of designer brands like Coach and Michael Kors. But which one is more expensive? It turns out that the answer is a bit complicated.
Coach handbags are typically made with higher quality materials than Michael Kors bags, which can make them last longer. However, Michael Kors bags often have more elaborate designs, which can drive up the price.
In general, Coach bags tend to be more expensive than Michael Kors bags, but there are exceptions to this rule. For example, Coach’s “Poppy” line is very popular and usually costs less than a comparable Michael Kors bag.
For the most part, Michael Kors handbags are reasonably priced, except for a few of the brand’s most expensive models.
Consumers typically pay a premium for a product because of the brand’s ubiquity, substantial advertising, and marketing expenditures, as well as the product’s inherent high quality.
However, as with other high-end goods, the MK bags’ high price is largely due to the prestige of the brand.