Virgin Megastore retail stores close down - an end of an era

Source: www.nytimes.com| Tags:  Business Products Books

Virgin Megastore retail stores close down - an end of an era
Virgin Megastore retail stores close down - an end of an era

“It was the final day of business for the Virgin Megastore chain in North America, which at its peak had 23 locations but by Sunday was down to two: the 57,000-square-foot, two-level New York outlet, and a smaller Hollywood shop that was also set to close. In Union Square posters trumpeted 90 percent discounts and offered the sale of “all furniture and equipment.” But when the store opened, perhaps 90 percent of the merchandise had already been sold, leaving two tables of CDs and DVDs, a dozen T-shirt racks and a few other scattered displays.”

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