Fashionmall.com Inc's (FASH) board authorized the repurchase of up to one million shares of the company's common stock, the Dow Jones Newswire reported yesterday. In a press release, the online shopping portal company said the transactions would be conducted from time to time on the open market over the next 12 months. The timing of purchases will depend on market conditions, alternative uses of capital and other factors, the company said. Shares of fashionmall.com closed on the Nasdaq Market Monday at $1.88, down 13 cents.