Times Square Virgin Megastore Closing in April

The popular Times Square Virgin Megastore will be closing in April. Even though it is the highest volume music store in the US, the store is shutting down because of a real estate venture that would garner more revenue per year. Forever 21, the women’s clothing chain, will rent out the space for $700 per square foot, unlike Virgin who paid $54 per square foot. Although the premiere Times Square location is closing, New Yorkers still have the Union Square Virgin Megastore but their future is on shaky ground as well.