In a statement Liberated Brands reported that, as a consequence of the previousall Quiksilver, Billabong and Volcom stores will close in the United States. It is estimated that they are 124 establishments.
What will happen to stores in Latin America
In the case of countries such as Argentina, Tomás Tarrab, owner of Tarco SA, Billabong’s licenseeclarified at half a minute that the company will continue “operating independently“.” That makes we can continue to operate normally, “he said.
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In the case of Colombiathere are seven official stores of the renowned brand. According to information obtained by the Republic, The fashion and designs company is in charge of three of these points of sale, located in Santa Marta, Cartagena and Barranquillaaccording to records of the RUES (Single Business and Social Registry). The above means that establishments will continue to function in a normal way.
For now, online trade continues to operate normally. One of the most active is the virtual store of Billabongwhich he launched Sales of up to 60% as part of a final strategy to get rid of stock and mitigate accumulated losses.
