This is sad news.
The famous Times Square Virgin Megastore in NYC is shutting down!
The store is was the highest selling music store in the U.S. with annual sales of $55 million.
But, back in August 2007, Virgin Entertainment Group was sold to two real estate companies, which had people questioning the future of the music stores.
The Times Square store will be closing this April and will leave the Virgin chain with just five stores. One of them will be the Manhattan Union Square store, which only has an estimated $40 million in annual sales volume.
The future of that store is also questionable as the new owners will be deciding what to do with the rest of the locations over the next few months.
iTunes must be thrilled!
[Image via AP Images.]
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This is the end of me!!!!!!!!!! Noooooooooooooooooooooooooooooooooooooooo!
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