It's official: All U.S. Virgin Megastores closing down Well, the other shoe just dropped. The new owners of the hip, music-focused retail chain are confirming that they will, indeed, shutter the last remaining Virgin Megastores in the U.S. by this summer.

Meanwhile, the liquidation sales have already begun. I checked out the tri-level Virgin Megastore in Times Square yesterday afternoon, and it was a sad scene. "Everything Must Go!" signs were everywhere, and there was a decent-sized crowd picking over the remaining goods. Some corners of the store were already deserted, with empty shelves blocked by yellow "caution" tape.

In terms of bargains, well … I didn't see many, at least not yet. Getting 30 percent off a $14.99 CD that's available for $9.99 on iTunes isn't much of a deal, and same goes for the overpriced $29.95 Blu-ray movies. As usual, I wouldn't expect the serious bargains to emerge until closing day is nigh.

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