The Virgin Megastore in Union Square has officially closed (get ready for Nordstrom). Yesterday was the last day the doors were open to bargain hunters, who only had about two tables of remaining merchandise to browse (allegedly stocked with plenty of Jonas Brothers memorabilia). The NY Times reports on what was "the last large-scale record store in New York City," saying that while the closure isn't surprising, it is dispiriting. One analyst told the paper, “The Titanic that is physical media started slowly sinking in 2000. Certainly this is a traumatic event for those who worked there, but it’s an expected product of the digital transition.” While there may not be any more larger chain record stores left in the city, there are some independents left, and come June 20th they'll be celebrating Vinyl Saturday, "which will feature specially produced records by artists like Wilco and Modest Mouse to draw customers." And those fancy digitized music files are nothing compared to the sound of a needle hitting vinyl.





Where there any bargains to be had? I went in a couple of weeks ago and they had DVDs on sale for 25% off. But the kicker was that they had raised all their prices back to full price of $20-25 each.
Same thing Circuit City did. What they do is hire a consulting firm that specializes in helping stores go out of business. They then bring in all sorts of great ideas (like raise the price of everything to MSRP before discount, sell off existing stock to other businesses, and hire temps to do the grunt work in the final days).
They have also been known to bring in their own merchandise to add to the mix.
Where there any bargains to be had?
There were some. I was out there 2 weeks ago and all of their CDs, books, toys, clothing items, and magazines had a legitimate 50% taken off them-- no shady jacked up pricing or anything. It was actually quite surprising.
Of course the irony is non of those independent record stores carry mainstream albums on vinyl.
I called 10 different places for the Eminem - Relapse LP and non of them carried it.
and then I then remembered..
J&R Music world is now the best place to get cheap vinyl indie and commercial
Yes when they go out of business they hire liquidators, who get to keep the name but attempt to make as much as possible, which dictates raising prices.
Another example of a company that didn't know what it was selling. It thought it was selling cd's, but in reality it was a MUSIC store. Had they been innovative and come up with a gimmick or a deal for file transfer maybe they'd still be around.
Wonder if Richard Branson is laughing or crying?
Wonder if Richard Branson is laughing or crying?
You're talking about a guy that kiteboards with naked models on his back. My guess is he's laughing - but possibly about something else cool that he just did.
Yeah, he originally got rich off of music, but he wisely diversified long ago and got a lot richer from everything else he did.
I wrote the crying part because he always stated how much he loved the music division. Its possible that seeing it go down the tubes, even though he doesn't own it, might make him stop smiling for a couple minutes.
the sale was only good the last 5 days. I got me the Bettie Page collection for 15 bucks and blu-rays for 8 bucks. It's the music Industry's fault for backing shitty bands and popstars like britney spears, backstreet boys, and jessica simpson in the early 00's. This caused smart people to stop buying music, leaving only dumbass teenage girls as their market. Smart people took to the interwebs and the teenage girls soon followed suit slowly but surely. That's why the only music that's on the billboard's are cd's bought by middle american pre-pubescent females. The one's that are so dumb they thought clay aiken was straight. That is the last bastion of hope for the music industry in CD form. Real Musicians have to do with commercials, stereogum and youtube and myspace, and with some luck they'll get on the gossip girl soundtrack. I'd cry for the music industry but with 300 years of back catalog it's no biggie. Old music can be new music if you've never heard it before. Anyway, Beethoven already made the pinnacle of music: the 9th symphony.
It's the same with every generation...
as much as i hate to agree with anything babyhitler says......
it's not the same with every generation, the internet changed everything drastically. it's not just the same ol "kids today" argument.
the big companies missed the boat when they tried to fight electronic distribution, while keeping the prices of their physical product jacked way up. they should have embraced the technology...
That I agree with you there. I was referring to babyhitler about the "crappy" pop acts, which came out in the late 90s. Every generation had them.
Old music can be new music if you've never heard it before.
I don't understand anybody that doesn't understand that.
Not a bad synopsis. Also, how about selling a CD for $18.99 when kids can share the one listenable song on it for free or download it for a buck? When music wasn't overpriced crap, you could go down the record store and roll the bones on a band you barely heard of. Now, you're paying for some stupid $100 million diva contract the idiot record exec signed even if you hate that phony shit but you like one of their other acts. All those Whitney Houston deals from the nineties did this to them...
Hardly a loss to the city. There was a time, looooong ago, when it was fun to wander around Tower Records. CDs came in long boxes to fit into archaic racks. There were tons of cool CD singles. And prices seemed reasonable. The whole $17.99 for a CD thing left me cold. I buy all my CDs now used on eBay, end even with shipping it beats retail by a big margin.
Hardly a loss to the city. There was a time, looooong ago, when it was fun to wander around Tower Records. CDs came in long boxes to fit into archaic racks. There were tons of cool CD singles. And prices seemed reasonable. The whole $17.99 for a CD thing left me cold. I buy all my CDs now used on eBay, end even with shipping it beats retail by a big margin.