Hollywood's Virgin Megastore begins clearance sale*
The countdown has begun. The last remaining Los Angeles outpost of the Virgin Megastore retail chain launched its going-out-of-business sale last week, with music, DVD and video game products marked down from 10% to 30%.
The clearance sale officially began Thursday. A weekend visit revealed the store to still be fully stocked, and as of Sunday night, one would hardly know the store was on its last legs. April's music and DVD releases were on wide display, and most CDs and DVDs were discounted 20%. Those looking for video game bargains may have to hold out a bit, as discounts in the electronic department were largely at 10%.
The staff hasn't been given a timetable for the sale, and an official closing date has not yet been announced, said one of the store's workers. The largest discount right now is at 30% off, but that number will increase in the coming days.
If and when Pop & Hiss gets an official closing date, we'll update this post. A Virgin spokeswoman says the store is expected to close in mid-June.
The closure of Virgin will leave the neighborhood with one last notable record store -- the indie behemoth Amoeba Records. There has, however, been a recent influx of vinyl-centric stores in nearby communities.
-- Todd Martens
Photo credit: Associated Press
Updated: This post was updated to include the target close date.
how poetic. marilyn and elvis out front pondering what's next?
Posted by: stephen Manders | May 04, 2009 at 01:27 PM
VERY Sad. I'm still reeling from the loss of Tower on Sunset. Anyway, long live vinyl.
Posted by: ATriana | May 04, 2009 at 02:38 PM
I live a few blocks away from the Hollywood Virgin Megastore. I have visited or shopped in the store at least once a week for the past 2 years. I am sad to see it go, like the one that was on Sunset Blvd...
Anyone who shopped at the Hollywood Virgin knows about the CD and DVD sale tables with great low prices... Not anymore. All those long-time marked-down prices were marked-up!
I've had my eye on a few CDs that were on the tables marked at $10 for a VERY LONG time.
NOW the CD is marked at regular retail price of $19.99.
Yep marked-up 100%.
Then put on sale for 20% off.
Won't see me buying anything until the last few days the store is open...
This is ridiculous...
Posted by: Hollywood Neighbor | May 04, 2009 at 02:45 PM