The Yooxygen Award, which is named after Yoox's sustainability program, will be awarded to a BFA Fashion Design graduate. The recipient will also partake in an internship at the Yoox headquarters in Milan.
As the retail industry continues on a dismal path, the secondhand market is on the rise—particularly in the area of clothing, footwear and accessories, which equates to about half of the resale market.
Canadian department store operator Hudson's Bay Co said on Friday it planned to invest around 400 million euros ($425 million) in Europe this year in a bid to grow its sales there by 20 percent over the next two years.
The American luxury fashion and accessories company has announced the appointment of Joshua Schulman to the role of brand President and CEO, reporting to Coach Inc. CEO Victor Luis, and effective June 5.
The Canadian department store operator said it was looking at a "major reinvention" of its business operations and gave its strongest signal yet of a possible initial public offering of its real estate assets.