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.

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AUSTIN, Texas, Aug. 9, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands,  will report financial results for the second quarter ended June 30, 2021 on Thursday, August 12, 2021 at 8:30 am ET. Management will host a webcast at 9:00 a.m.

Digital Brands Group to Report Second Quarter 2021 Financial Results on August 12, 2021

Shares of Digital Brands Group (NASDAQ: DBGI) are trading higher after the company said it estimates Q2 revenue increased by approximately 100% over Q1. CEO Hil Davis said the company expects to see 'significantly improved' operating results in Q3 and Q4 of 2021 due to 'sufficient cash and inventory to support expected levels of operations.

Why Digital Brands Group Shares Are Trading Higher Today

Digital Brands Group Inc (NASDAQ: DBGI) has estimated a 100% jump in its second quarter FY21 revenue on a sequential basis. It reported $0.41 million sales for the first quarter of FY21.

Digital Brands Shares Jump After A 100% Hike In Revenue Estimate

Digital Brands (DBGI) stock is rocketing higher on Thursday after revealing estimated financial data for its upcoming quarter. The post DBGI Stock: 13 Things to Know About Digital Brands as Shares Take Off Today appeared first on InvestorPlace.

DBGI Stock: 13 Things to Know About Digital Brands as Shares Take Off Today

The stock price of Digital Brands Group Inc (NASDAQ: DBGI) increased by over 35% during intraday trading. This is why it happened.

Digital Brands Stock Increases Over 35%: Why It Happened

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AUSTIN, Texas, July 8, 2021 /PRNewswire/ -- Digital Brands Group, Inc. (the "Company" or "DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands,  announced that its initial estimate of financial results for the quarter ended June 30, 2021 indicates that second quarter 2021 revenue increased by approximately 100% over first quarter 2021 figures, which only includes six and half weeks of revenue contribution from Harper & Jones. "We believe this continues to illustrate the momentum we discussed on our first quarter earnings call and press release" said Hil Davis, the Company's Chief Executive Officer.

Digital Brands Group Announces Initial Estimate of Second Quarter 2021 Revenue Levels

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The stock price of Digital Brands Group Inc (NASDAQ: DBGI) increased by over 10% pre-market. This is why it happened.

DBGI Stock Price Increases Over 10% Pre-Market: Why It Happened

AUSTIN, Texas, June 28, 2021 /PRNewswire/ -- Digital Brands Group, Inc. (NASDAQ: DBGI) ("Digital Brands" or the "Company"), today announced the underwriters of Digital Brand's previously announced public offering that initially closed on May 18, 2021 have purchased an additional 361,445 shares of common stock pursuant to the exercise by the underwriters of the remaining portion of their over-allotment option at a public offering price of $4.15 per share. Digital Brands has now sold a total of 2,771,084 shares of common stock and warrants to purchase 2,771,084 shares of common stock for aggregate gross proceeds of approximately $11.5 million, prior to deducting underwriting discounts, commissions, and other offering expenses.

Digital Brands Group, Inc. Announces Exercise and Closing of Remaining Over-Allotment Option

Digital Brands Group Inc (NASDAQ: DBGI) reported first-quarter FY21 revenue of $408 thousand, down 84% year-on-year. The decline in net sales was driven by COVID-19 delaying the start date of the new Bailey 44 designer until the fall of 2020 and limited inventory at DSTLD due to limited cash.

Digital Brands Stocks Falls After Q1 Loss Widens

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The stock price of Digital Brands Group Inc (NASDAQ: DBGI) fell by over 15% pre-market. This is why it happened.

DBGI Stock Price Falls Over 15% Pre-Market: Why It Happened

AUSTIN, Texas, June 28, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its first quarter ended March 31, 2021.  First quarter 2021 Net loss attributable to common stockholders was $3.0 million, or $4.55 per diluted share, on revenue of $408,000.

Digital Brands Group Reports First Quarter 2021 Financial Results

AUSTIN, Texas, June 27, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the first quarter ended March 31, 2021 on Monday, June 28, 2021 at 8:30 am ET. Management will host a webcast at 9:00 a.m.

Digital Brands Group to Report First Quarter 2021 Financial Results on June 28, 2021

The stock price of Digital Brands Group Inc (NASDAQ: DBGI) increased 31.05% today. This is why it happened.

DBGI Stock Price Increased 31.05%: Why It Happened

Today, DBGI stock is soaring as Digital Brands announced a partnership with Amazon to expand its e-commerce presence. The post DBGI Stock: The Huge Amazon News Lifting Digital Brands Today appeared first on InvestorPlace.

DBGI Stock: The Huge Amazon News Lifting Digital Brands Today

Digital Brands Group Inc  (NASDAQ:DBGI) shares are trading higher by 70% at $6.95 on heavy volume after the company announced it's expanding its commerce ecosystem by launching a select group of brands on Amazon this Fall. The stock has been halted three times for volatility Thursday morning.

Why Digital Brands Group Shares Are Skyrocketing Today

AUSTIN, Texas, June 24, 2021 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, announced today that they are expanding their already expansive e-commerce ecosystem by launching a select group of brands on Amazon this Fall. As the pandemic shifted more shopping online, Amazon overtook Walmart as the top apparel seller, according to a Wells Fargo report in March.

Digital Brands Group Announces Channel Expansion into Amazon Marketplace

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AUSTIN, Texas, June 15, 2021 /PRNewswire/ -- DBG, Inc (NASDAQ: DBGI), a digitally first portfolio company, today announced that it has signed a non-binding letter of intent to acquire Stateside, a privately-owned global elevated basics brand. The parties intend to enter into a binding agreement within the next thirty days, with the closing envisaged in the third quarter of 2021.

Digital Brands Group Announces LOI to Acquire Elevated Basics Brand Stateside

Digital Brands Group, Inc.'s digital consumer-focused approach to high-fashion is changing the way bespoke apparel gets sold. Its completed $10 million IPO could create a mega-brand juggernaut, says Soulstring Media.Miami Beach, Florida--(Newsfile Corp. - June 1, 2021) - Digital Brands Group, Inc. (NASDAQ: DBGI) is on a mission to change the way high fashion apparel gets sold. Better still, they believe they have a strategy in place that will not only create an apparel company juggernaut but, with innovation and technology added to the mix, will maximize profits for its shareholders through a low overhead, high margin business model. As a publicly traded company,...

Digital Brands Group, Inc. Poised To Create An Apparel Company Juggernaut

LOS ANGELES, May 25, 2021 /PRNewswire/ -- Digital Brands Group, Inc. (NASDAQ: DBGI) ("Digital Brands" or the "Company"), is pleased to announce that it has been invited to present at the Emerging Growth Conference on Wednesday, May 26, 2021. The next Emerging Growth Conference is presenting on May 26, 2021.

Digital Brands Group to Present at the Emerging Growth Conference on Wednesday, May 26, 2021

LOS ANGELES, May 18, 2021 /PRNewswire/ -- Digital Brands Group, Inc. (NASDAQ: DBGI) ("Digital Brands" or the "Company"), today announced the closing of a firm underwritten public offering of 2,409,639 shares of common stock and warrants to purchase 2,771,084 shares of common stock (which includes warrants to purchase 361,445 shares of common stock pursuant to the partial exercise by the underwriters of their over-allotment option) at a combined public offering price of $4.15 per share and warrant for aggregate gross proceeds of approximately $10.0 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters' option to purchase any additional securities as described herein. In addition, the Company granted the underwriters a 45-day option to purchase up to an additional 361,445 shares and 361,445 warrants at the public offering price less the underwriting discounts and commissions.

News for Digital Brands Group Inc Stock (DBGI)