NEW YORK — A new fashion era is looming on the online horizon.

Bridging the gap from virtual runway to commercial reality, America Online and Teen Peoplelaunching “Back to School Cool” on Aug. 12, available only to AOL subscribers. According to AOL, it’s the first online fashion show that serves up video runway sequences and interactive still shots — enabling viewers to check out styles in motion or up close — and the option to purchase those styles with the click of a mouse.

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