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

The company said in a Monday press release that it filed for bankruptcy to “implement an orderly monetization and disposition of its businesses.” It submitted a motion to the U.S. Bankruptcy Court for the District of Delaware for the closure of about 124 stores as part of its bankruptcy proceedings.

Liberated Brands filed for Chapter 11 bankruptcy protection, which will result in hundreds of retail closures.

A rise in interest rates, persistent inflation, supply chain delays, a decline in consumer demand, a shift in consumer preferences, and substantial fixed costs were all listed as challenges the company has faced.

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.

Billabong, Quiksilver and Volcom stores in the U.S. will close their doors after the company behind the once wildly popular surf and skate brands has filed for bankruptcy, according to reports.

More than 120 Billabong, Quicksilver and Volcom stores in the United States will close permanently following a bankruptcy filing by license operator Liberated Brands.

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.

Once-iconic skater and surfer brands Billabong, Volcom and Quiksilver are closing down Bay Area brick-and-mortar stores after their owner filed for bankruptcy.

Liberated Brands, which has operated stores for surfer and skater-inspired labels like Quiksilver, Billabong and Volcom, filed for bankruptcy this week — and plans to shutter its locations across the U.