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Virgin Megastores all closing by summer

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The five remaining Virgin Megastores in the U.S. will close by summer, according to The Wrap. The stores are located in Los Angeles, San Francisco, Denver, Orlando, and New York — the last of which will become a Forever 21 store in April. Virgin Megastore, as well as many other music retail establishments, have been having trouble keeping pace with online businesses such as iTunes and Amazon.com.