NEW YORK - JUNE 24: People shop in the Virgin Megastore in Times Square June 24, 2008 in New York City. It has been reported that Vornado Realty Trust and The Related Companies L.P. , owners of the Virgin Megastore chain since last September, will be closing both locations in New York City in 2009. Tower Records, an iconic record store for generations of music fans, closed last year in New York.