In 2006 Tower Records tumbled, only to be followed by rumors in 2007 of New York's Virgin Megastores being the next to close up shop. Originally the Union Square outpost was supposed to be closing by February of 2009, but now it's confirmed that the Times Square one will actually be shutting down first...or as the NY Post put is: "come April, there'll be one less Virgin in Manhattan."
There are 250 employees who have been getting steady paychecks from the store, and one told the paper, "Management has been telling us that we were going to close for years. We've all been on edge. We're all being fired." Is it time to go all Empire Records on management, yet?
All in all, it's not a huge shocker, as music sales have been on a downward spiral for quite some time. Recently the NY Press put the store on a DeathWatch while noting that "disc sales fell nearly 20 percent, to 362.6 million, the seventh decline in eight years, according to SoundScan's report."
So what will be able to stay afloat in the 60,000-square-foot space? Forever 21, of course! But don't get too excited, The NY Times says not to expect to buy any youth-inspired discount clothing until April 2010. In the meantime, Virgin is having a "sacrificial sale" (as pictured).