A trio of iconic surf-and-skate-inspired brands will shutter their stores nationwide after their operator, which runs around 120 stores, went bust. Quicksilver, Billabong and Volcom are among the brands operated by Liberated Brands,

Some iconic surf shops are permanently closing more than 100 stores in the US due to their operator, Liberated Brands, filing for bankruptcy. KTLA’s David Lazarus reported that Liberated Brands blames the bankruptcy on fast-fashion competition and an “uncertain economy.

More than 100 locations across the United States are shutting down in the coming weeks after their operator, Liberated Brands, filed for bankruptcy, blaming fast-fashion rivals and other economic factors for its financial struggles.