Look Who it Was Random video

Major Retail closures ahead ! , Is retail dead or Dying ? or will people want to window shop Again

500 views · Published 27 June 2017 · 5:25 · Indexed 10 November 2026

Channel: Mike Martins · 2017 · People & Blogs

Watch on YouTube

In this video, Mike Martins discusses his thoughts on the future of retail, specifically focusing on his new venture of opening two retail stores: a Filipino food mart and a board game tabletop game store. Here's a summary of the key points he covers:

New Retail Ventures:

Mike is opening two retail stores: a Filipino food mart and a board game tabletop game store.
He acknowledges that many people believe retail is dying but argues that it's more about the struggles of big-box stores due to high overhead costs and taxes.
Benefits of Cheap Rent and Good Landlords:

His new venture is viable because of the very low rent and a supportive landlord.
The rent he pays is significantly cheaper than what he would pay in a more expensive city like Vancouver.
Consumer Behavior and Retail Trends:

Mike believes that human beings are inherently consumers who enjoy going out to shop.
He argues that despite the rise of online shopping, there will always be a desire for physical retail experiences.
Future of Small Businesses:

He sees a trend where, as big-box stores close, more mom-and-pop shops will open.
People are already inquiring about renting retail spaces near his stores.
Conspiracy and Brainwashing:

Mike suggests that the idea that small businesses can't survive has been brainwashed into people.
He believes that small businesses can thrive because there will always be a demand for physical retail experiences.
Impulse Buying and Retail Experience:

He mentions that a significant portion of the population are impulse buyers who enjoy the in-person shopping experience.
He believes that customers will buy products from his store because they can find them cheaper than online options.
Nostalgia and Social Interaction:

Mike thinks that people will eventually long for the traditional retail experience, including window shopping and social interactions.
He references the nostalgic appeal of holiday shopping and community-focused stores.
Future Predictions:

He predicts that in 5 to 15 years, there will be a resurgence in demand for physical retail stores.
He foresees landlords renting out long-vacant properties at lower rates to cover property taxes.
Technology and Segregation:

While acknowledging the benefits of technology, Mike believes that it is also causing social segregation.
He argues that people will eventually seek out more in-person interactions and retail experiences.
Overall, Mike is optimistic about the future of retail, particularly small businesses, and believes that the human desire for social interaction and physical shopping experiences will lead to a resurgence of mom-and-pop stores.

retail business, new ventures, Filipino food mart, board game store, small business, big-box stores, retail trends, consumer behavior, low rent, supportive landlord, in-person shopping, mom-and-pop shops, retail experience, impulse buying, physical retail, online shopping, human interaction, social segregation, nostalgic shopping, holiday shopping, community stores, future of retail, landlord property tax, local businesses, technology impact, shopping habits, retail resurgence, traditional retail, retail environment, physical stores, social experiences, Mike Martins

More from this channel