So long, Billabong. Virtually all Quiksilver, Billabong, and Volcom stores are shutting down in the U.S., and roughly 1,400 employees will be laid off

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• Virtually all Quiksilver, Billabong and Volcom stores in the U.S. are closing. The shutdown comes as the licensee Liberated Brands has filed for bankruptcy. The brands will continue to be sold, however, as licenses have been transferred to another company.

Three of what were once one among the most popular clothing stores for Millennials are shutting down all of their U.S. retail locations.