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Discussion in 'After Hours Lounge (Off Topic)' started by Michael Reuben, Mar 4, 2009.
Virgin Megastores to shutter nationwide - Silicon Valley / San Jose Business Journal:
That's a big hole to fill in Downtown Disney in Orlando. I mean that literally, though- big store, but the prices were obscene.
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".
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.
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.
Wow, I don't buy from iTunes, but if more of these stores go out of business that might be the only option left!
File all this under "e" for "economy." (Or, perhaps, "cd" for "coming depression.")
coming? where ya been, man?