Virgin Megastore in Times Square will be closing its doors this April and ironically, the reason has nothing to do with sales - the store has actually reported profits of about $6 million a year. Apparently, the rent Virgin has been paying for that location is way below market value, so the owners of the space will be replacing America's largest music retailer with... none other than... drum roll please... Forever 21. This new Forever 21 is expected to open in 2010 - all 90,000 sq ft of it - making it the largest of all its locations.
This news is truly bittersweet for me. Being a music lover and a person trying to make a living working in the music industry this really hits home - if one of the last profitable music stores can't make it, you know damn well its a wrap for the rest of them. But the shopaholic in me is excited - yea I said it. I'm going to be like a kid in a candy store when this Forever 21 opens.
Jennifer Hudson is set to sing the National Anthem at the Superbowl. This is her first appearance since the heartbreaking tragedy that struck her family. I'll definitely be tuned in February 1st to see her performance.
Run DMC will be inducted into the Rock and Roll Hall of Fame on April 4th making them the 2nd hip hop act to ever receive this honor.
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