The Times Square Virgin Megastore will close down in April. The future of the store has been in question since August 2007 when Virgin Entertainment Group was aquired by two real estate companies.

“The decision to close the store appears related to real estate and the value connected to the location. That executive was quoted as saying that Virgin pays only $54 per square-foot when the market rent in the area is about $700 a square foot.” (Billboard)

New Yorkers can still shop at Virgin in the Union Square location, but the status of that store is also in question.