Liberated Brands filed for Chapter 11 bankruptcy over the weekend and is looking to shutter its U.S. retail stores where it sold brands like Quiksilver, Billabong and Volcom.

Liberated Brands, the parent company of several sport, outdoor and lifestyle apparel retailers, has initiated Chapter 11 bankruptcy proceedings, according to court documents filed in Delaware. Liberated Brands’ portfolio of retailers includes Volcom,

The surf-and-skate-inspired clothing labels will continue to be sold by other retailers as the company lays off 1,400 employees amid ‘consumer spending changes.’ It’s the end of an era for surf-and-skate-inspired clothing enthusiasts,

All Quiksilver, Billabong and Volcom stores will be closing in the U.S due to a voluntary bankruptcy filed by Liberated Brands.

More than 100 Volcom, Billabong, and Quicksilver stores across the U.S. are set to close after parent company Liberated Brands filed for Chapter 11 bankruptcy.

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.

Parent company Liberated Brands blamed fast fashion and e-commerce moving too quickly to sustain its outdated brick-and-mortar stores in bankruptcy filings.

Liberated Brands, the operator for Billabong, Quiksilver, and Volcom, filed for bankruptcy effectively closing the popular retailers in the U.S.