Virgin Megastores are the latest major league casualty of waning record sales, shutting down all U.S. locations by summer's end. The Times Square store, a well-known commercial landmark within the New York City's business epicenter, (probably as familiar a city landmark as the Statue Of Liberty), is already advertising huge "farewell" sales.
Despite the fact that Virgin, (even Tower Records to some extent when it was still alive and kicking), represented the mainstream mall-version of music consumerism, it's still unsettling to see such a major entity shut its doors. Maybe this was a way to filter out the Best Buy/Wal-Mart music-buying crowd, but honestly, if the majors can't survive in the current climate, is there really any hope that the indie stores can stay alive?
*steps off of soapbox*
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