Consumer Nation

Consumers Are Shopping for Accessories: Michael Kors

A man walks past a billboard outside a shopping mall housing luxury brands in Shanghai.
Phillippe Lopez | AFP | Getty Images

Michael Kors Holdings stock has nearly doubled this year, outperforming other high-end and luxury brands like Tiffany and Coach.

“What's universal in the world today are accessories,” designer Michael Kors told CNBC’s “Squawk on the Street” on Wednesday.

“No woman wakes up in the morning and says, 'You know, my wrist is feeling fat,'” he said.

“So you can always find a fabulous new watch, a handbag that you use every day but it actually changes your look. So accessories, you know, continue to be super important. They're look changers, which I think is really important. I think that's a trend.”

Many other luxury and high-end brands dependent on wealthy Chinese consumers have suffered lately as growth on there starts to slow. Coach and Tiffany , among other retailers, have already told the market that Chinese consumers are spending less on luxury and high-end goods.

(Read More: Highlights From Fashion Week.)

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And on Tuesday, Burberry sent shockwaves through the luxury sector after it warned full-year profits would be at the lower end of market forecasts, citing a recent slowing of store sales. (Read More:.)

Kors aims to create designs that are both wearable everyday but still fashionable.

“The best products that I design have this balance between something that people actually are going to use and wear all the time, but at the same time it’s not a commodity,” he said. “It’s something that actually lifts your spirits and has fashion to it.”

-By Justin Menza, CNBC News Writer

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