These are the stories making headlines in fashion on Thursday.
Proenza Schouler Unveils Rachel Scott’s First Fall 2026 Campaign
Rachel Scott’s first Fall 2026 campaign as Proenza Schouler’s creative director is here. It highlights key pieces from Scott’s debut runway collection, including a tailored wool jacket, collared outerwear and an asymmetrical draped dress. See the full Fall 2026 collection here. {Fashionista inbox}
Coty’s Q4 Sales Rise by 1%
Coty Inc. reported a 1% increase in sales to $1.27 billion for Q4 2026. Its prestige net revenues, which represent 61% of the company’s total sales, also rose 1% to $771.8 million. Its prestige strategy includes brands like Burberry, Hugo Boss, Calvin Klein, Marc Jacobs and Chloé. For the fiscal year 2026, Coty’s net revenues decreased by 2% to $5.81 billion. {Coty}
Musée des Arts Décoratifs Opens ’40 Years of Fashion at the Museum’ Exhibit
Photo: Courtesy of Musée des Arts Décoratifs
The Musée des Arts Décoratifs is celebrating the 40th anniversary of the Musée des Arts de la Mode with an exhibition titled “Look! 40 Years of Fashion at the Museum.” The exhibit — which will be on display from Sept. 30, 2026 through April 4, 2027 — highlights the life cycle of a garment from its conception to its runway presentation. The museum will spotlight 57 ensembles, including designs by Maison Margiela, Balenciaga, Chanel, Christian Lacroix, Valentino and Azzedine Alaïa. {Fashionista inbox}
Chinese Beauty Firm Proya Cosmetics Expands to U.S. With Ulta
Proya Cosmetics Co., one of China’s biggest beauty companies, is expanding to the U.S. by partnering with Ulta Beauty. Proya is launching its flagship Ruby and Original Repair skin-care lines in 400 brick-and-mortar Ulta stores and on ulta.com. This partnership represents an important avenue for growth as Proya faces cautious consumer spending in its domestic market. {Bloomberg/paywalled}
Multiple Nike Well Collective Stores Are Closing Nationwide
Nike is closing multiple neighborhood-based stores in its Well Collective program. Originally launched as Nike Live in 2018, the localized format debuted in Los Angeles. Now, its Melrose location and at least 14 others have shuttered across California, Colorado, Georgia, Illinois, New Jersey, New York, Florida, Kentucky, Maryland, Missouri, North Carolina and Texas. The Nike Live locations were part of a strategy to expand Nike’s direct-to-consumer business, but its success faltered under former CEO John Donahoe. {Retail Dive}
Target Receives Almost $1 Billion in Tariff Refunds
Target received $994 million in pre-tax tariff refunds during the second quarter, which boosted its Q2 operating income 94% year-over-year to about $2.6 billion. Thanks to these refunds, Target CFO Jim Lee said that the company will invest in price reductions. “We have, and we will continue to, invest in price to ensure our guests are getting tremendous value each and every time they visit us at Target,” Lee told reporters on Tuesday. {Modern Retail}
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