Next on the hit list: Virgin Megastores; all U.S. outlets to close (1 Viewer)

[Michael Reuben]

Virgin Megastores to shutter nationwide - Silicon Valley / San Jose Business Journal:

 

[Todd Hochard]

That's a big hole to fill in Downtown Disney in Orlando. I mean that literally, though- big store, but the prices were obscene.

 

[Dennis Nicholls]

From the linked story....

This is just crazy. Commercial real estate is going to follow residential real estate over a cliff, with both sales prices and occupancy rates sure to follow. I'll bet there may not be any "new tenants" for these locations, much less ones paying "higher rents".

 

[John Kilduff]

Wow, first Pleasure Island and now the Virgin Megastore. On the upside, I'll be saving a good amount of money. On the downside, I loved shopping there. It was just such an amazing place. I didn't care much about the prices. I had hundreds of dollars with me to spend on DVDs, CDs and books. Now it's coming to an end.

Sincerely,

John Kilduff...

As long as stores like F.Y.E and Barnes & Noble are still open, I'll be okay, though.

 

[Malcolm R]

FYE has closed two of their four locations within 50 miles of me over the past few months. Seemed a little odd, as both seemed to be in high-traffic locations and I hadn't heard any announcements about FYE closing stores.

 

[Carlo_M]

Wow, I don't buy from iTunes, but if more of these stores go out of business that might be the only option left!

 

[Jack Briggs]

File all this under "e" for "economy." (Or, perhaps, "cd" for "coming depression.")

 

[Carlo_M]

coming? where ya been, man?