According to The Los Angeles Times, California-based parent company Liberated Brands filed for Chapter 11 bankruptcy and will shut down 124 stores across the country. As Quiksilver and Billabong are both Australian brands, they will continue to operate stores outside the United States.

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.