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Quiksilver, Billabong and Volcom stores to close

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All Quiksilver, Billabong and Volcom stores are closing after parent company Liberated Brands filed for bankruptcy.

More than 100 U.S. stores are expected to shutter in the coming weeks.

Liberated Brands officials said the company has “worked tirelessly over the last year to propel these iconic brands forward, but a volatile global economy, consumer spending changes amid a rising cost of living and inflationary pressures have all taken a heavy toll."

Read more from CNN.

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