America waves farewell to Virgin Megastores
Virgin Megastores disappeared from these shores some time ago - they regenerated into Zavvi which slowly crumbled into administration - but the iconic neon continued to burn brightly in New York and across America. The flagship store in Times Square became iconic over its 23 year history, but now it's reign has come to an end; the six remaining US stores have closed in the past few days as a result of increasing rents, falling sales of CDs and DVDs and that meddling recession again:
There are fewer than 100 branded Virgin Megastores left trading in the world now - most can be found in France and Australia, and none are directly owned by Virgin anymore. Still, Branson will have us all flying through space in rocket ships soon, so it seems a reasonable price to pay.