Dallas’ Virgin Megastore will be closing due to…well, you know..same old story..
According to the Dallas Morning News, “Industry trends have made business tough for traditional music stores like Virgin.”
“CD sales are down as digital music downloads become more popular. And big retailers such as Wal-Mart Stores Inc. and Best Buy Inc. are taking customers away from specialized retailers such as Virgin, said Russ Crupnick, an analyst with NPD Group.”
Music buyers are shopping in more places,” he said. “The loyalty to any one retailer is declining.”