Liberated Brands, the company behind the iconic 1990s surf, ski and skateboard apparel labels Billabong, Quiksilver and Volcom, plans to shut down 120 stores in the United States and Canada after filing for bankruptcy,

Liberated Brands filed for bankruptcy in the U.S. Bankruptcy Court earlier this week. Closing sales at all 122 stores have begun.

Liberated Brands, which until recently operated skateboard and surfing-inspired retail brands including Quiksilver, Billabong and Volcom, has filed bankruptcy as more customers choose “fast fashion” competitors.

A trio of once popular clothing brands will shutter all remaining stores after their operator, Liberated Brands, filed for bankruptcy, according to CNN. More than 100 Billabong, Quiksilver and Volcom locations will close in the coming weeks as part of the bankruptcy proceedings.

More than 120 Billabong, Quicksilver and Volcom stores in the United States will close permanently following a bankruptcy filing by license operator Liberated Brands. Liberated Brands attorneys filed for Chapter 11 bankruptcy protection Sunday in Delaware bankruptcy court,

Parent company Liberated Brands blamed fast fashion and e-commerce moving too quickly to sustain its outdated brick-and-mortar stores in bankruptcy filings.

More than 100 stores will close now that Liberated Brands has filed for bankruptcy, which affects the Quiksilver, Billabong and Volcom brands. Why It Matters. The three chains, kn

Doors at the retail shops will be shut in about 10 weeks following Liberated Brands bankrupcy. Gift cards should be used before Feb. 16.