Parent company Liberated Brands blamed fast fashion and e-commerce moving too quickly to sustain its outdated brick-and-mortar stores in bankruptcy filings.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

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

Another major retailer has fallen victim to the shifting tides of the fashion industry. Liberated Brands, the operator of well-known labels like Roxy, Quiksilver, Billabong, and RVCA in the United States and Canada,

Liberated Brands, the company that once held the license to a number of surfing retail brands, including Quiksilver, Billabong and Volcom, has filed for bankruptcy.

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.

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.

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

Altogether over 100 stores for the brands, which sell apparel for skaters, surfers and snowboarders, will close their doors.