Virgin sacrifice: all U.S. stores to close
Anyone who has been near Times Square in the last few weeks have probably noticed the Virgin Megastore's increasingly numerous clearance sale signs. Virgin plans to have the Times Square store closed by mid-April, and the Union Square store closed shortly after. Both stores are indeed in prime real estate locations, overlooking two of Manhattan's largest magnets for foot traffic.
The four remaining stores, located in Hollywood, San Francisco, Orlando, and Denver, will close by the summer. At its peak in 2002, Virgin Entertainment ran almost two dozen Virgin Megastores across the country.
— Will Greenwald