Parent company Liberated Brands blamed fast fashion and e-commerce moving too quickly to sustain its outdated brick-and-mortar stores in bankruptcy filings.

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

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.

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,

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.

A popular fashion company known for surf brands has filed for bankruptcy. Yahoo Finance reports Liberated Brands, which operated Billabong, Roxy, Quiksilver, and Volcom, has filed for Chapter 11 bankruptcy in Delaware. Liberated said it would close 120 stores in the U.S. and Canada, firing more than 1,400 people from their jobs.

Billabong, Quicksilver 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.