Virgin Megastores to close remaining U.S. stores
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After shutting several stores in recent months, Virgin Megastores will close its remaining retail locations by the summer, according to TheWrap, an entertainment website.
Virgin Entertainment Group currently operates six stores in the U.S., including one location in Los Angeles at the Hollywood & Highland Center. The other stores are in San Francisco, Denver, Orlando and New York, which has two locations.
Like many record stores, Virgin has struggled in recent years as consumers turn to retailers such as Best Buy and Wal-Mart and online services for their music needs.
Virgin’s flagship store in Times Square will be replaced by a Forever 21.
-- Andrea Chang
