Quiksilver (U.S. business) Duuuude! Surfwear shop Quiksilver filed for Chapter 11 bankruptcy protection for its U.S. business in September as the surfer lifestyle has lost its appeal among teen consumers. Similarly situated Pacific Sunwear is barely clinging to life as a penny stock, but unlike its surf and skate rival, Quiksilver has a global business that remains unaffected by the filing. In fact, the filing is seen as a plus for the retailer because it eliminates the drag the U.S. operations had on its otherwise strong response in Australia, New Zealand, and Asia. They were not included in its filing, which aims to see the U.S. business re-emerge as a smaller entity.