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

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.

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