Plus, Halston sells diffusion lines, Alibaba fights fake goods and Wet Seal may be the next teen retailer to close.

The outlook isn't great right now for so-called "teen" retailers. We polled teenagers from across the country -- and a Wall Street analyst, too -- about why they think the Abercrombies, Aeropostales and American Eagles of the world aren't doing so well.

Not one to be overshadowed by her older twin sisters, Elizabeth Olsen gets her own cover for the September issue of Dazed & Confused, shot by Angelo Pennetta. {The Fashion Spot} We've said it before, but now it's New York Times-legit: Eva Chen is “the first editor-in-chief of our generation.” {New York Times} Now everything from ramen to Wacoal bras can be bought in vending machines in Japan. {PSFK}

Something's happening over at Wet Seal, but we can't quite put our finger on what it is. First, they let Ashlee Simpson design a line of t-shirts, som

This is only marginally fashion-related, but you'll like it anyway: Current Teen Vogue intern and Degrassi starlet Stacey Farber is taking some time