The latest record store to announce its closing in New York is a big one: the Virgin Megastore in Union Square. Virgin Entertainment Group North America, which announced last month that the Times Square Megastore would close in April, will also shut the Union Square shop in late May or early June, a spokeswoman said, confirming a report in Billboard. Virgin will also close its Market Street store in San Francisco in April. Thousands of music retailers have closed in recent years as CD sales have plunged, and Virgin has been shuttering most of its locations around the country since it was bought by the real estate companies Vornado and Related in 2007, even though its high-traffic New York stores were said to be profitable.