BCBusiness

October 2016 Entrepreneur of the Year

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

Issue link: http://digital.canadawide.com/i/729312

Contents of this Issue

Navigation

Page 71 of 103

70 BCBusiness OCTOBER 2016 14-metre-long half-pipe set in a narrow brick hall. Fittingly, it's situated in the building that once housed the Smilin' Buddha Cabaret, a celebrated venue for punk rock concerts in the 1980s. Despite this buzz of local activity, there are worrisome signs in the indus- try at large. It's generally agreed that the sport reached a pinnacle of popu- larity in the early 2000s, and since then participation numbers and skate- board sales have been declining. "It's a much more fragmented marketplace today. Brands come and go like crazy," notes Ultimate Distribution's Harris. Increasingly, skateboards are seen as little more than a marketing tool for hawking lifestyle products (which have a higher markup), especially now that corporate giants such as Nike, Converse and Adidas have hitched a ride to skate culture to sell their foot- wear. As for the hard goods, prices are close to what they were in the 1980s, with quality boards (including wheels and trucks) selling for about $190. To maintain proˆt margins, a lot of companies outsource their produc- tion to Mexico, China and Taiwan, but Ducommun stubbornly continues to use 80 per cent Canadian wood (espe- cially Quebec maple) and Canadian manufacturers. He feels it's essential to construct the boards where the wood grows in order to "seal in the fresh- ness of the tree." He also believes that it's important to keep the business in Canada—although that's becoming tougher to do: "My manufacturers keep going out of business." As for future plans, Ducommun, married but without children, says he really hasn't seriously pondered when he might leave the business and who would take over Skull Skates when he's gone; his brother and former partner Rick exited the business back in the 1980s and died from diabetes in June 2015. Whatever happens with Skull Skates, Ducommun says he's con®i- dent about the future of the industry— and the sport that has inspired him for four decades. "I don't worry about skateboarding. People are always going to skateboard. You can never take away that special feeling of rolling down some back alley. It's a good feeling. It's freedom." ■ Calgary | Montréal | Ottawa | Toronto | Vancouver Lawyers | Patent & Trademark Agents | Borden Ladner Gervais LLP is an Ontario Limited Liability Partnership. On being named a fi nalist for the 2016 Pacifi c EY Entrepreneur of the Year, in the Construction category. As the largest and most highly ranked construction law practice in Canada, Borden Ladner Gervais LLP understands the legal complexities facing today's construction and engineering projects. Building relationships from the ground up, BLG is proud to work alongside Jacob Bros Construction as they reach new heights. To fi nd out how BLG can help you, please contact Michael Skene at 604.640.4248 or mskene@blg.com or visit us at blg.com. CONGRATULATIONS SCOTT, TODD AND JASON JACOB OF JACOB BROS CONSTRUCTION Specialized financial advice to help your business grow. To start a conversation, contact your local RBC ® Craft Brewery financing specialist today. Kyle Peterdy Commercial Account Manager Craft Brewery Financing Specialist 604-665-0419 kyle.peterdy@rbc.com ® / ™ Trademark(s) of Royal Bank of Canada. Contact me today.

Articles in this issue

Links on this page

Archives of this issue

view archives of BCBusiness - October 2016 Entrepreneur of the Year