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Exactly What to Buy on Black Friday Shopping According to Experts – WWD

The coronavirus pandemic has changed the outlook for the 2020 holiday shopping season, leading to retailers changing their sales plans and offering Black Friday-like deals earlier than ever.

Although the pandemic has seen consumer shopping in flux as many have faced financial hardships over the last nine months, retail experts predict consumer spending will stay relatively the same as last year given that extended sales periods will give shoppers more deals and opportunities to save.

“What is surprising is that more people are planning on spending the same amount of money as last year,” said Sara Skirboll, senior director of marketing and communications at RetailMeNot. “And that’s surprising because of the economic uncertainties and people not necessarily shopping in stores as much. But what they’re trying to do is spend the same amount of money as last year to create a sense of normalcy for their families.”

RetailMeNot estimates Black Friday will be the highest spending day in the 2020 holiday shopping season, with Americans spending an average of $249 each.

Overall, retail experts see shoppers taking advantage of the extended Black Friday shopping period and spending as little time in-store as possible. RetailMeNot’s data shows that

Travis Scott’s Foundation to Create Fashion Design Program – WWD

DESIGNED BY SCOTT: In honor of the third annual “Travis Scott Day” in Houston, Travis Scott has launched the Cactus Jack Foundation to provide creative and educational resources for future generations.

The 29-year-old singer-songwriter was born in Houston and is committed to giving back to the city’s high schoolers. The organization’s first mission includes the introduction of the HBCU Waymon Webster Scholarship program. The foundation also has created a multiyear partnership with the city of Houston across parks and education. The alliance includes the unveiling of the Cactus Jack Gardens, a community-based agricultural program for the city’s elementary schools.

The fashion crowd and aspiring designers and marketers will be keen to learn of the multilevel partnership with The New School’s Parsons School of Design. In what is a first for any design school, Scott’s foundation is developing a fashion design program with Parsons. Through that venture, Parsons’ curriculum will be unrolled in Houston to provide design education to the city’s youth via My Brother’s Keeper, Houston. In addition, the certification program will be available to the younger set nationwide via special scholarships.

The partnership is designed to bring fashion education to help high school students, who have been traditionally

L’Oréal USA Reveals 2020 For Women in Science Fellows – WWD

L’Oréal USA revealed the 2020 recipients of its For Women in Science fellowship.

The program, in its 17th incarnation, gives $60,000 research grants to five female postdoctoral scientists. According to a statement from L’Oréal, the grant has given more than $4 million in funding to 85 different scientists since its inception.

“L’Oréal USA’s 2020 For Women in Science Fellows represent a depth of expertise across the scientific spectrum, and we are inspired by the world-changing work they are doing. At a time in which we are constantly reminded of the importance of science, it is all the more critical to be supporting the representation of women in STEM,” said Danielle Azoulay, vice president of corporate social responsibility & sustainability, L’Oréal USA, in the statement.

This year’s award winners represent a wide range of disciplines, from biology to engineering. They are Cara Brook, Wendy Brown, Kayla Nguyen, Nancy Padilla-Coreano, and Silvania da Silva Teixeira.

Focusing on the coronavirus, Brook conducts her research in the department of integrative biology at the University of California, Berkeley. Currently, her research focuses on bats’ resilience to the virus.

Also seeking medical solutions is Brown, who conducts her research in biomedical engineering at the University

L.A., California Coronavirus News, Cases Grow, Lockdown Possibility – WWD

Los Angeles is hovering just beyond a second economic shutdown as the coronavirus rapidly spreads throughout the city and the rest of the state.

As cases in the city and county of L.A have exploded over the last month, Mayor Eric Garcetti, amid rumors he will be joining the administration of President-elect Joe Biden, on Monday night implored people to start again acting in many ways as they did in the early days of the pandemic, including mask-wearing whenever outside, stopping all unessential travel and generally staying at home.

“Stay at home as much as possible for the next two to three weeks, except for essential services and outdoor exercise,” Garcetti said in a press conference. “Assume everyone you encounter outside your household is infectious.”

“The situation in L.A. is the scariest it’s ever been,” he added. “Right now is the toughest moment we’ve faced. We have no reason to believe a worst case scenario can’t happen in our city and county.”

Although Garcetti’s words have the same ring as L.A.’s “safer at home” lockdown order from March, right now it is more of a strong suggestion than a legal directive from the local government. However, should the public not

Simon Reaches New Deal to Buy Taubman – WWD

Simon Property Group Inc. and Taubman Centers Inc. have struck a new deal.

Not long ago, Simon was looking to back out of its plan to buy Taubman. But on Sunday evening, the shopping center operators revealed they reached a definitive agreement modifying certain terms of the original merger agreement, including a new purchase price of $43 a share in cash, or about $3 billion, and other provisions to reduce closing conditions. That’s a significant drop from the original proposal in February 2020 by Simon to pay $52.50 a share, or $3.6 billion.

The merger is expected to close in late 2020 or early 2021. Simon and Taubman also settled their pending litigation in the Circuit Court for the 6thJudicial District, Oakland County, Michigan.

The modified merger agreement continues to provide that Simon will acquire an 80 percent ownership interest in The Taubman Realty Group Limited Partnership. The Taubman family will sell about one-third of its ownership interest at the transaction price and remain a 20 percent partner in TRG.

The boards of both shopping center developers, including the special committee of independent directors of Taubman, approved the terms of the transaction.

The modified merger agreement provides

Fashion Week’s Big Beauty Trends – WWD

Pared-back beauty trends have made their way to the runway. According to Trendalytics’ latest Fashion Month report, the most resonant trends focused on glossy, healthy skin and hair, as well as viral nail art.

“In terms of the practicality of looks, a lot of that was purely from a logistics perspective: you can’t have people near each other for extended periods of time backstage,” said Cece Lee, chief executive officer of Trendalytics. “Also, too extreme looks can feel a little tone-deaf right now. In a normal environment, it’s totally fine. But in the midst of this year, it’s maybe not OK to be like, ‘look at my unicorn makeup.’ Especially with women leaving the workforce in droves.”

Lee also noticed, both in ready-to-wear and in beauty, the localized effects of the coronavirus. “Each week presented how its respective market was dealing with the pandemic. New York was simple and practical, lots of masks. That wasn’t totally reflected in Europe, prior to the second lockdown,” she said.  Lee also noticed runway looks prioritizing dewy radiance over full coverage. Here, the top 10 beauty trends from fashion month, ranked by percentage growth in search volume.

  1. Evil eye nails:  +99