Virgin Megastore to close in L.A.
New York outlet likely to follow
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Rent increases are being given as the key reason the CD-DVD-book outlets are about to pack it in. The L.A. store is likely to shutter at the end of January; New York's Union Square Megastore will follow a year later.
The Union Square space, at ground level in a mixed-use residential tower, is being offered for Feb. 1, 2009 occupancy.
After the two outlets close, Virgin Megastores will still be operating in Hollywood and Times Square.
