the iconic Virgin Megastore is on its way out! The store closes this coming April; not long after, a Forever 21 will open in its space. Some fun facts: Virgin has the highest volume of music sales in the US, and that location was "profitable to the tune of $6 million," but it was only paying $54/square foot in rent (as opposed to the $700/square foot that's market rate for the neighborhood.) Worrying about the Union Square outpost, Idolator speculates about how long we have "before Other Music becomes the retail powerhouse of New York City by default."
