The only difference I've noticed is the change up of the logos, but for the most part, I doubt anyone but people like us that are purse obsessed will be able to tell a difference. I'm not sure the faux leather is an issue for the target audience of Kohl's.
To me, I don't think the bags at Kohl's are priced that high. They're already on sale, and Kohl's almost always has a 30% off coupon, too. Now, I wouldn't pay that for a faux leather bag, but a lot of people wouldn't pay what we often to for a designer bag either.
I just wish he would have made new designs so the Kohl's special is a clear departure of his original line. I mean, how much effort does it take just to source faux leather, and not develop new designs?