Digital Brands Group Inc

Digital Brands Group, Inc. engages in the manufacture and sale of apparel. It operates through the following segments: DSTLD, Bailey, Harper & Jones, and Stateside. The DSTLD segment offers stylish high-quality garments without the luxury retail markup valuing customer experience over label. The Bailey segment combines beautiful, luxe fabrics, and on-trend designs to create sophisticated ready-to-wear capsules for women on-the-go. The Harper & Jones segment provides hand- crafted custom fit suits. The Stateside segment includes classic t-shirt offering. The company was founded by Corey Epstein, Mark T. Lynn, and Kevin Morris on September 17, 2012 and is headquartered in Austin, TX.

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Digital Brands Group Inc reports improved margins and strategic growth plans

Digital Brands Group Inc's Q1 2024 performance showcased improved gross margin profitability and effective cost management, despite revenue challenges from shipment delays.
The company's strategic focus on operational enhancements, expansion plans, and shareholder value optimization positions it for future growth and profitability.
While facing short-term revenue constraints and operational challenges, Digital Brands Group Inc remains optimistic about achieving positive net operating income and navigating market dynamics.

Digital Brands Group Inc reports revenue growth and cost efficiencies

DBGI's Q3 performance focused on revenue growth and cost management, with strategic partnerships driving improvements in digital revenues and operational efficiency.
While facing challenges in gross margins and net loss, the company's strengths lie in reducing expenses, clearing debt, and positioning for future growth opportunities.
Opportunities in expanding marketing channels and leveraging partnerships underscore DBGI's potential for sustained growth and profitability in the coming quarters.

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Digital Brands Group, Inc. engages in the manufacture and sale of apparel. Its portfolio brands include Bailey 44, DSTLD, Harper and Jones, Stateside, and Sundry. The company was founded by Corey Epstein, Mark T. Lynn, and Kevin Morris on September 17, 2012 and is headquartered in Austin, TX.

AUSTIN, Texas, Nov. 11, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG" or the "Company")  (NASDAQ: DBGI), a digitally first portfolio company, today announced Lucy Doan has been elected to the Digital Brands Group, Inc. Board of Directors. Doan brings 25 years of financial and strategic experience in the consumer industry, including several publicly traded companies.

Digital Brands Group Appoints New Board Member

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DBGI stock remains in the forefront after announcing crypto as acceptable payment for its online retailers. The post DBGI Stock Alert: The Big Crypto Story That Digital Brands Fans Should Be Watching Today appeared first on InvestorPlace.

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Shares of Digital Brands Group Inc. (NASDAQ: DBGI) are soaring on Thursday morning as the stock is up 50%. The spike comes as the company announces that it has launched DSTLD on Amazon prime while also launching its affiliates across all of its brands.

Digital Brands Group shares soars as DSTLD launches on Amazon

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AUSTIN, Texas, Oct. 28, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBGI") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces it launched DSTLD on Amazon Prime, while it also launched its affiliate program across all its brands. DSTLD has officially moved past the "on-boarding" stage today with Amazon Prime, which means its product will be for sale on Amazon Prime.

DBGI Launches on Amazon Prime, while also Launching its Affiliate Program

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AUSTIN, Texas, Oct. 21, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBGI")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces record e-commerce revenue growth year-over-year as DBGI turned on digital advertising for Bailey 44 and DSTLD the first time in over eighteen months. Bailey's 44 experienced a 376% increase in e-commerce revenue year-over-year since September 27 th, when Bailey 44 started its advertising plan.

DBGI Announces Record E-Commerce Revenue Growth Year-Over-Year

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AUSTIN, Texas, Oct. 5, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG" or the "Company")  (NASDAQ: DBGI), a digitally first portfolio company, today announced that is has raised gross proceeds of $1,500,000 through the issuance of a senior secured convertible promissory note (the "Note") to FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company ("FirstFire"). The Note, in the principal amount of $1,575,000, bears interest at 6% per annum and is due and payable 18 months from the date of issuance, unless sooner converted.

Digital Brands Group Announces Closing Of Convertible Note Financing

Digital Brands Group (DBGI) stock is rocketing higher on Tuesday thanks to a guidance update from the lifestyle retail company. The post 6 Reasons Why Digital Brands Group Investors Are Smiling Today as DBGI Stock Soars appeared first on InvestorPlace.

6 Reasons Why Digital Brands Group Investors Are Smiling Today as DBGI Stock Soars

Digital Brands Group Inc (NASDAQ: DBGI) is trading significantly higher Tuesday after the company issued full-year 2022 revenue guidance of $37.5 million to $42.5 million, representing a 350% increase year-over-year. "Our 2022 revenue guidance reflects the power of our brand portfolio, especially as we are able to benefit from the full year revenue contribution from our acquisitions in 2022," said Hil Davis, CEO of Digital Brands Group.

Why Digital Brands Group's Stock Is Surging Higher Today

The stock price of Digital Brands Group Inc (NASDAQ: DBGI) increased by over 55% pre-market today. This is why it happened.

DBGI Stock: Why It Substantially Increased Today

AUSTIN, Texas, Sept. 28, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces its initial 2022 revenue guidance of $37.5 million to $42.5 million, an increase of 350% from 2021 revenue expectations.

DBG Announces $37.5M to $42.5M for 2022 Revenue Guidance, an increase of 350% from 2021

Digital Brands (DBGI) stock is running higher on Thursday as Jim Cramer calls it out as the new pump and dump of Reddit traders. The post DBGI Stock News: Why Jim Cramer Thinks Digital Brands Is Today's ‘Pump and Dump' appeared first on InvestorPlace.

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AUSTIN, Texas, Aug. 31, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG" or the "Company")  (NASDAQ: DBGI), a digitally first portfolio company, today announced a series of significant corporate transactions. Stateside Acquisition The Company announced that it has completed its previously announced acquisition of Stateside, a privately-owned elevated basics brand, for an aggregate base purchase price of $10,000,000.

Digital Brands Group Announces Significant Corporate Transactions

AUSTIN, Texas, Aug. 30, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, (the "Company") is pleased to announce that it has been invited to present at the Emerging Growth Conference on Wednesday, September 1, 2021. The Company invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference.

Digital Brands Group to Present at the Emerging Growth Conference on Wednesday, September 1st, 2021

Digital Brands Group (DBGI) CEO Hil Davis on Q2 2021 Results - Earnings Call Transcript

Digital Brands Group (NASDAQ: DBGI) reported second-quarter FY21 sales growth of 50.6% year-on-year, to $1 million. Gross profit was $0.39 million with a profit margin of 39.3%.

Digital Brands Stock Plunges After Gloomy Q3 Outlook

AUSTIN, Texas, Aug. 12, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its second quarter ended June 30, 2021. Second quarter 2021 net loss attributable to common stockholders was $10.7 million, or $1.97 per diluted share, on revenue of $1.0 million.

News for Digital Brands Group Inc Stock (DBGI)