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.

Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its fourth quarter and 2022 fiscal year ended December 31, 2022.

Digital Brands Group Reports Fourth Quarter and Fiscal Year 2022 Financial Results

AUSTIN, Texas , April 14, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the fourth quarter and fiscal year ended December 31, 2022 on Monday, April 17, 2023 at 4:00 p.m. ET.

Digital Brands Group to Report Fourth Quarter and Fiscal Year 2022 Financial Results on Monday, April 17, 2023

AUSTIN, Texas , March 2, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, announced today that it will host a conference call on Tuesday, March 7 at 10:00 a.m. ET to discuss the State of the Union post our Sundry Acquisition.

DBGI Announces State of the Union Investor Call Post The Sundry Acquisition

AUSTIN, Texas , Jan. 19, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that on January 17, 2023, the Nasdaq Hearings Panel (the "Panel") formally notified the Company that it has evidenced compliance with all applicable requirements for continued listing on The Nasdaq Capital Market, including the minimum stockholders' equity requirement. The Company will remain subject to a 12-month monitoring period however, as described in Nasdaq Listing Rule 5815(d)(4)(A) (the "Panel Monitor").

DBG Compliant with Nasdaq Listing Requirements

AUSTIN, Texas , Jan. 11, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces its initial 2023 revenue guidance of $45.0 million to $50.0 million and $2.0 million to $3.0 million in EBITDA due to shared services operating leverage. "Our 2023 revenue guidance includes the addition of Sundry to our brand portfolio with minimal benefit from cross merchandising and the addition of Sundry to our multi-brand website, the Bailey Shop.

DBG Announces $45.0M to $50.0M for 2023 Revenue Guidance and $2.0M to $3.0M in EBITDA

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AUSTIN, Texas, Dec. 30, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that it has completed its previously announced acquisition of Sundry.  As a result of the transaction, Sundry has become a wholly owned subsidiary of DBG.

DBGI Completes Acquisition of Sundry

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AUSTIN, Texas , Dec. 16, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that it has signed and secured the debt documents that will provide the remaining $2.5 million in funding for the Sunnyside, LLC ("Sundry") acquisition.  The debt provider set Friday, December 23 rd as the funding and closing date for the Sundry acquisition.

DBGI Signs and Secures Debt for Sundry; Debt Provider Sets Closing Date for December 23rd

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AUSTIN, Texas , Dec. 7, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, announced today that its multi-brand website experienced a 436% increase in e-commerce revenue during its Black Friday/Cyber Monday promo period versus the same period a year ago. The site (www.bailey44.com) offers products across DBG's women's brands --Bailey 44, Stateside, and dstld – providing our customers a single destination through which they can purchase our women's products, rather than having to shop each brand's dedicated websites separately.

DBGI Experiences 436% Increase in Revenue over the Black Friday/Cyber Monday Promotion Period

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AUSTIN, Texas , Dec. 2, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that it expects to close the Sunnyside, LLC ("Sundry") acquisition Friday, December 9 th or Friday, December 16 th.  "The Sundry acquisition is expected to contribute significant revenue scale and operating leverage," said Hil Davis, Chief Executive Officer of DBG.

DBGI Expects Closing of Sundry Acquisition In Next Two Weeks

AUSTIN, Texas , Dec. 1, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("Digital Brands" or the "Company") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the closing of its previously announced public offering of 1,818,181 shares of its common stock (or pre-funded warrants in lieu thereof), Class B Warrants to purchase up to 1,818,181 shares of its common stock ("Class B Warrants"), and Class C Warrants to purchase up to 1,818,181 shares of its common stock ("Class C Warrants", together with the Class B Warrants, collectively the "Warrants"), at an offering price to the public of $5.50 per share (or pre-funded warrant in lieu thereof) and associated Warrants. The Class B Warrants have an exercise price of $5.25 per share, are exercisable immediately upon issuance, and will expire five years following the date of issuance.

Digital Brands Group, Inc. Announces Closing of $10 Million Public Offering

AUSTIN, Texas , Nov. 29, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("Digital Brands" or the "Company") (Nasdaq: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the pricing of a public offering of up to 168,000  shares of its common stock (or pre-funded warrants in lieu thereof), Class B Warrants to purchase up to 1,818,182 shares of its common stock ("Class B Warrants"), and Class C Warrants to purchase up to 1,818,182 shares of its common stock ("Class C Warrants", together with the Class B Warrants, collectively the "Warrants"), at an offering price to the public of $5.50 per share (or pre-funded warrant in lieu thereof) and associated Warrants. The Class B Warrants will have an exercise price of $5.25 per share, are exercisable immediately upon issuance, and will expire five years following the date of issuance.

Digital Brands Group, Inc. Announces Pricing of $10 Million Public Offering

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Digital Brands Group, Inc. (NASDAQ:DBGI ) Q3 2022 Earnings Conference Call November 14, 2022 6:00 PM ET Company Participants Hil Davis - CEO Conference Call Participants Operator Greetings, and welcome to the Digital Brands Group Third Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Digital Brands Group, Inc. (DBGI) Q3 2022 Earnings Call Transcript

AUSTIN, Texas , Nov. 14, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its third quarter ended September 30, 2022.  Third Quarter 2022 Highlight Compared to Third Quarter 2021 Net revenues of $3.4 million, an increase of 58.3% or $2.2 million This excludes deferred revenue of $0.4 million, which will be recognized in our fourth quarter results Gross profit margin of 48.3% versus 55.9% Gross profit was negatively impacted by 5.1% due to the accounting treatment of deferred revenue and the timing of fabric costs in our men's custom business, which will benefit the fourth quarter gross profit Net loss per diluted share of $9.26 versus a net loss of $75.83 Net loss attributable to common stockholders was $4.9 million versus a net loss of $8.9 million The net loss included interest expense of $2.3 million, which should be less than $150,000 a quarter going forward due to the elimination of debt "We are pleased to announce that we delivered strong revenue growth and continued operating leverage on our fixed costs in the third quarter," said Hil Davis, Chief Executive Officer of Digital Brands Group.

Digital Brands Group Reports Third Quarter 2022 Financial Results with a 58% Increase in Revenues

AUSTIN, Texas , Nov. 11, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands will report financial results for the third quarter ended September 30, 2022 on Monday, November 14, 2022 at 5:30 p.m. ET. Management will host a conference call on Monday, November 14 at 6:00 a.m.

Digital Brands Group to Report Third Quarter 2022 Financial Results on Monday, November 14, 2022

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Company believes these results significantly support its vision and business model AUSTIN, Texas , Oct. 31, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, announced today that its new multi-brand website has seen a 462% increase in e-commerce revenue since its launch on Sunday, October 23, 2022. The site (www.bailey44.com) offers products across DBG's women's brands --Bailey 44, Stateside, and dstld – providing our customers a single destination through which they can purchase our women's products, rather than having to shop each brand's dedicated websites separately.

DBGI Launches Multi-Brand Website, Experiences 462% Increase in E-commerce Revenue

AUSTIN, Texas , Oct. 26, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, announced today, pursuant to the vote of its shareholders on October 13, 2022, a 1-for-100 (1:100) reverse split of its Common Stock. Beginning on November 4, 2022, the Company's stock will trade on the Nasdaq Capital Market on a split adjusted basis.

DBGI Announces 1-for-100 Reverse Stock Split Effective November 4, 2022

The stock price of Digital Brands Group (DBGI) fell by 26.27% in the most recent trading session. This is why.

Digital Brands Group (DBGI) Stock: Why It Dropped 26.27%

AUSTIN, Texas , Oct. 13, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that the Company and Sunnyside, LLC ("Sundry") revised their previously disclosed definitive acquisition agreement to require less cash and equity to close the transaction. The Company believes the transaction should close in November.

DBGI Finalizes New Agreement for $20M revenue Sundry Acquisition Scheduled to Close in November

AUSTIN, Texas , Oct. 3, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG")  (Nasdaq: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced that the Company has entered into a debt-for-equity exchange agreement with its senior lender, Black Oak Capital, to repay and retire approximately $6.25 million in principal debt of the Company. "This debt exchange puts DBG's balance sheet in a strong position to pursue acquisitions and growth.

News for Digital Brands Group Inc Stock (DBGI)