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Like a Staycation, But at Work, For No Pay
| posts about #furloughs more → |
Like a Staycation, But at Work, For No Pay |
06/15/09
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It sucks that they're gone, especially since who knows if any store will pay the much-increased rent on the space in these times (Tower Records space on 4th is still empty years after they left). But I'm not surprised that Virgin couldn't keep the business model up. Charge me $17 dollars for a CD? Forget it. I'll buy the MP3s for $8 or $9 on Amazon.
06/15/09
Forever 21 is taking over the Times Square location which should complete Times Square's transition to a mall and Walmart was supposedly eying the Union Square store. Yay.
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Last June, a Vornado executive told Reuters that the store would shut down in the first quarter of 2009. The decision to close the store appears related to real estate and the value connected to the location. That executive was quoted as saying that Virgin pays only $54 per square-foot when the market rent in the area is about $700 a square foot.
I pretty sure Union Square had a similar deal, and I mean...whoa. It's a wonder they hadn't been run out of town earlier.
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Or we get really shitty jobs to tide us over until we're eligible to retire, and then we have to keep the shitty jobs because owing to the fact we haven't had a decent job in so long, our Social Security checks, 401Ks, and other pensions are smaller than they would be otherwise.
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