Virgin megastore closes

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The store was large and had a lot of range and was priced well. Air conditioning was good in heat How to rate a place that does not exist any more?

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The sounds of the Velvet Underground echoed in the Virgin Megastore in Union Square on Sunday afternoon, as bargain-hunting passers-by and hard-core music shoppers poked through what few items remained at the last large-scale record store in New York City. It was the final day of business for the Virgin Megastore chain in North America, which at its peak had 23 locations but by Sunday was down to two: the 57,square-foot, two-level New York outlet, and a smaller Hollywood shop that was also set to close. With the music industry stuck in a decade-long crisis, the sight of a record store closing is hardly surprising.

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The Virgin Megastores chain in France is set to declare insolvency next week following four years of losses due to growing competition from online music retailers and download sites. A Virgin spokeswoman said the company will unveil a plan to file for payments suspension at a meeting with staff representatives on Monday. The spokeswoman said high rental costs in high-profile locations in city centres and falling CD and DVD sales amid competition from rising film and music downloads, as well as a recent drop in book sales, were mostly to blame for the group's financial problems. Virgin Megastores employs around 1, people in France and made million euros in sales last year from its 26 stores.

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Virgin Megastores is an international entertainment retailing chain, founded in early by Sir Richard Branson as a record shop on London 's Oxford Street. Bycurrent operations are exclusively in the Middle East and in North Africa, consisting of approximately 40 stores. Richard Branson and Nik Powell had initially run a small record shop called Virgin Records and Tapes on Notting Hill GateLondonspecialising particularly in " krautrock " imports, and offering bean bags and free vegetarian food for the benefit of customers listening to the music on offer.

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Virgin Megastores. Moovit helps you to find the best routes to Virgin Megastore, Old Country Rd using public transit and gives you step by step directions with. Opened in and outlasted Tower Records and the Virgin Megastore.

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Virgin Megastores, the music and lifestyle retailer, is pulling out of the US, closing its six stores across the country over the next few months. The decision by Virgin, which has been in the country sincerepresents the latest blow to music stores. The biggest music retailer is Apple's online iTunes service. Virgin's decision was prompted by falling CD sales as consumers move to online retailers, as well as the general downturn in the economy.

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Virgin makes every effort to dispatch Products on time. At this point, responsibility for loss, breakage and damage passes to you. Ownership of Products purchased passes to you when payment is received by Virgin in full.

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The four-story branch was inaugurated in in the presence of Richard Branson. Virgin Megastore is proud to have become a staple in the heart of Lebanon. We have witnessed 17 amazing years at the Opera branch and are ready to take on greater opportunities. We hope that this building remains a cultural stamp in Downtown Beirut and whatever the future holds for Opera is reminiscent of its wonderful past.


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