[BC] Virgin Megastores to close

Reader reader at oldradio.com
Wed Mar 4 12:48:58 CST 2009


 From Yahoo....

LOS ANGELES - After nearly two decades of rocking the music world 
with a mix of brash stunts and splashy CD releases, the remaining six 
Virgin Megastores in the United States will shut their doors this 
summer in another blow to recorded music.

The hipster shops received their branding from billionaire founder 
Sir Richard Branson and remained profitable, but the real estate 
firms that own the U.S. chain determined they could command higher 
rent from new tenants.

http://tech.yahoo.com/news/ap/20090303/ap_on_hi_te/virgin_megastores




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