Digital Brands Group, Inc. provides apparel under various brands on direct-to-consumer and wholesale basis. It operates as a digitally native vertical brand that sources products from third-party manufacturers and sells directly to the end consumer through its websites, as well as through its wholesale channel in specialty stores, select department stores, and own showrooms. The company offers denims under the DSTLD brand; and luxury men's suiting under the ACE Studios brand. It also designs, manufactures, and sells women's apparel, including dresses, tops, jumpsuits, bottoms, sets, jackets, and rompers under the Bailey brand. The company was formerly known as Denim.LA, Inc. Digital Brands Group, Inc. was founded in 2012 and is headquartered in Austin, Texas.
IPO Year: 2021
Exchange: NASDAQ
Website: digitalbrandsgroup.co
8-K - Digital Brands Group, Inc. (0001668010) (Filer)
S-1 - Digital Brands Group, Inc. (0001668010) (Filer)
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8-K - Digital Brands Group, Inc. (0001668010) (Filer)
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10-Q - Digital Brands Group, Inc. (0001668010) (Filer)
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8-K - Digital Brands Group, Inc. (0001668010) (Filer)
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4 - Digital Brands Group, Inc. (0001668010) (Issuer)
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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. She currently serves on the Board of Directors of Grunt Style, an online apparel company. "We are excited to add Ms. Doan to the Board of Directors as she provides significant accounting, finance and consumer strategic experience in both the direct to consumer and the wholesale channels. She understands that retail is ch
Austin, TX, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("DBG") (NASDAQ:DBGI), a curated collection of luxury lifestyle brands, today announces the launch of AVO a new direct-to-consumer (DTC) brand (https://shopavo.la/). As other premium brands have increased retail prices due to inflation, the Company believes an opportunity has opened to deliver premium apparel at lower prices by pursuing a DTC model that also provides significant discounts for bundling multiple products. This new model creates a value proposition in the premium segment, similar to how fast fashion created a value proposition in the mass market segment. AVO was created to take advantage of this ne
Austin, TX, Aug. 19, 2024 (GLOBE NEWSWIRE) -- 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, 2024. "The company paid off over $5.0 million in debt and other liabilities during the first half of this year. The Company also lowered its G&A expenses by $4.5 million during the same period. Based on conversations with strategic partners, we believe cleaning up the balance sheet creates more interest, especially coupled with significantly lower operating expenses," said Hil Davis, CEO of Digital Brands Group. Davis continued, "We believe
Austin, TX, Aug. 14, 2024 (GLOBE NEWSWIRE) -- 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, 2024 on Monday, August 19, 2024 at 4:30 p.m. ET. Management will host a conference call on Monday, August 19, 2024 at 5:00 p.m. ET to discuss the results. The live conference call can be accessed by dialing 888-506-0062 from the U.S. or internationally. The conference I.D. code is 393166 or referencing Digital Brands or via the web by using the following link: https://www.webcaster4.com/Webcast/Page/3044/51112. About Digital Brands Group We offer a wide variety o
Austin, TX, July 31, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("DBG") (NASDAQ:DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces a successful launch of its new DTC strategy. The new strategy focuses on driving significant customer value through discounts offered to customers who bundle multiple units in one purchase, which is referred to as "Build Your Own Bundle" or BYOB. Since launching this new BYOB strategy in mid-June, DSTLD has experienced a 144% increase in its orders. Additionally, DSTLD orders are up 400%+ when there are dedicated email campaigns featuring this BYOB promotion. "Given the current inflationary environment, as well as
Loss from operations was $225,000 versus $3.7 million a year ago Austin, TX, May 20, 2024 (GLOBE NEWSWIRE) -- 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, 2024. "Despite a timing shift in our wholesale shipments, which shifted revenue from the first quarter to the second quarter, we experienced significant operating expense leverage. We expect this operating leverage to continue throughout the year. In fact, this operating leverage coupled with higher revenues will result in higher flow through to our operating and net income," said Hil Davis, CE
Austin, TX, May 17, 2024 (GLOBE NEWSWIRE) -- 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 30, 2024 on Monday, May 20, 2024 at 9:30 a.m. ET. Management will host a conference call on Monday, May 20, 2024 at 10:30 a.m. ET to discuss the results. The live conference call can be accessed by dialing 888-506-0062 from the U.S. or internationally. The conference I.D. code is 817721 or referencing Digital Brands or via the web by using the following link: https://www.webcaster4.com/Webcast/Page/3044/50662. About Digital Brands Group We offer a wide variety o
Austin, TX, May 07, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("we", "us", "DBG" or the "Company") (NASDAQ:DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the closing of its previously announced exercise in cash of certain outstanding warrants to purchase an aggregate of 1,027,750 shares of the Company's common stock, originally issued by the Company on September 5, 2023, at a reduced exercise price of $3.13 per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-1 (File No. 333-274563). H.C. Wainwright & Co. acted as the exclusive placement agen
Austin, TX, May 03, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("we", "us", "DBG" or the "Company") (NASDAQ:DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the entry into a definitive agreement for the immediate exercise in cash of certain outstanding warrants to purchase an aggregate of 1,027,750 shares of the Company's common stock at a reduced exercise price of $3.13 per share. The exercised warrants are comprised of Series A and Series B warrants originally issued by the Company on September 5, 2023, each having an exercise price of $9.43 per share. The Series A warrants have a term of five and one-half years and the Series B warrants hav
Net income loss was only $0.6 million in the fourth quarter, excluding non-cash expenses AUSTIN, Texas, April 15, 2024 /PRNewswire/ -- 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 fiscal year ended December 31, 2023. "The fourth quarter was the end of Sundry's bottom, which our first quarter results will reflect. Despite lower revenue contribution from Sundry in the fourth quarter, we almost achieved break even net income due to our cost savings (excluding non-cash expenses). Based on first quarter wholesale shipments and second quarter wholesale bookings, we
AUSTIN, April 12, 2024 /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 ended December 31, 2023 on Monday, April 15, 2023 at 4:30 p.m. ET. Management will host a conference call on Monday, April 15 at 5:00 p.m. ET to discuss the results. The live conference call can be accessed by dialing 866-605-1828 from the U.S. or internationally. The conference I.D. code is 13746007 or referencing Digital Brands or via the web by using the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=jg0EmFTQ. About Digital Brands GroupWe offer a wide
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Austin, TX, Aug. 14, 2024 (GLOBE NEWSWIRE) -- 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, 2024 on Monday, August 19, 2024 at 4:30 p.m. ET. Management will host a conference call on Monday, August 19, 2024 at 5:00 p.m. ET to discuss the results. The live conference call can be accessed by dialing 888-506-0062 from the U.S. or internationally. The conference I.D. code is 393166 or referencing Digital Brands or via the web by using the following link: https://www.webcaster4.com/Webcast/Page/3044/51112. About Digital Brands Group We offer a wide variety o
Loss from operations was $225,000 versus $3.7 million a year ago Austin, TX, May 20, 2024 (GLOBE NEWSWIRE) -- 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, 2024. "Despite a timing shift in our wholesale shipments, which shifted revenue from the first quarter to the second quarter, we experienced significant operating expense leverage. We expect this operating leverage to continue throughout the year. In fact, this operating leverage coupled with higher revenues will result in higher flow through to our operating and net income," said Hil Davis, CE
Austin, TX, May 17, 2024 (GLOBE NEWSWIRE) -- 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 30, 2024 on Monday, May 20, 2024 at 9:30 a.m. ET. Management will host a conference call on Monday, May 20, 2024 at 10:30 a.m. ET to discuss the results. The live conference call can be accessed by dialing 888-506-0062 from the U.S. or internationally. The conference I.D. code is 817721 or referencing Digital Brands or via the web by using the following link: https://www.webcaster4.com/Webcast/Page/3044/50662. About Digital Brands Group We offer a wide variety o
AUSTIN, April 12, 2024 /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 ended December 31, 2023 on Monday, April 15, 2023 at 4:30 p.m. ET. Management will host a conference call on Monday, April 15 at 5:00 p.m. ET to discuss the results. The live conference call can be accessed by dialing 866-605-1828 from the U.S. or internationally. The conference I.D. code is 13746007 or referencing Digital Brands or via the web by using the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=jg0EmFTQ. About Digital Brands GroupWe offer a wide
AUSTIN, Texas, Aug. 15, 2023 /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, 2023 on Thursday, August 17, 2023 at 9:30 a.m. ET. Management will host a conference call on Thursday, August 17 at 10:30 a.m. ET to discuss the results. The live conference call can be accessed by dialing (866) 605-1828 from the U.S. or internationally. The conference I.D. code is 13740703 or via the web by using the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=O1i6mEmc. About Digital Brands GroupWe offer a wide variety of apparel t
Revenues increased 48.4% to $5.1 million Gross margin increased 113.9% to $2.4 million AUSTIN, Texas, May 22, 2023 /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, 2023. "We are pleased to see the significant operating leverage we experienced with the acquisition of Sundry, and still expect to achieve positive EBITDA this fall even in a challenging macro environment" said Hil Davis, CEO of Digital Brands Group. "We are also excited about our two new revenue channels that launch this Fall, which are our proprietary affiliate program and our
AUSTIN, Texas, May 19, 2023 /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, 2023 on Monday, May 22, 2023 at 9:30 a.m. ET. Management will host a conference call on Monday, May 22 at 10:00 a.m. ET to discuss the results. The live conference call can be accessed by dialing (866) 605-1828 from the U.S. or internationally. The conference I.D. code is 13739029 or via the web by using the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=VEEr5XVj. About Digital Brands GroupWe offer a wide variety of apparel through nume
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. Management will host a conference call on Monday, April 17 at 4:30 p.m. ET to discuss the results. The live conference call can be accessed by dialing (866) 605-1828 from the U.S. or internationally. The conference I.D. code is 13738180 or via the web by using the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=6iDznF2B. About Digital Brands GroupWe offer a wide variety
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. The live conference call can be accessed by dialing (866) 605-1828 from the U.S. or internationally. The conference I.D. code is 13736884 or via the web by using the following link: https://bit.ly/3mlPrve. The conference call will cover the following topics: An update on the Sundry integration;The strategic repositioning of Sundry and the positive wholesale
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. ET to discuss the results. The live conference call can be accessed by dialing (866) 605-1828 from the U.S. or internationally. The conference I.D. code is 13734491 or via the web by using the following link: tinyurl.com/jt5rbzkr. About Digital Brands GroupWe offer a wide variety of apparel through numerous brands on a both direct-to-consume
Gainers Connexa Sports Techs (NASDAQ:YYAI) stock moved upwards by 11.1% to $0.47 during Thursday's pre-market session. The company's market cap stands at $19.2 million. China Liberal Education (NASDAQ:CLEU) stock increased by 7.14% to $3.0. The market value of their outstanding shares is at $10.0 million. Digital Brands Group (NASDAQ:DBGI) shares increased by 6.89% to $1.55. The company's market cap stands at $3.0 million. Serve Robotics (NASDAQ:SERV) shares rose 6.82% to $2.19. The company's market cap stands at $81.2 million. Selina Hospitality (NASDAQ:SLNA) shares increased by 6.16% to $0.07. The company's market cap stands at $40.2 million. Greenlane Hldgs (NASDAQ:GNLN) shares rose
Gainers Golden Heaven Group Hldgs (NASDAQ:GDHG) shares moved upwards by 74.8% to $0.31 during Wednesday's pre-market session. The market value of their outstanding shares is at $16.1 million. Neo-Concept International (NASDAQ:NCI) shares moved upwards by 15.07% to $0.73. The company's market cap stands at $14.7 million. Singing Machine Co (NASDAQ:MICS) shares moved upwards by 11.7% to $2.1. The market value of their outstanding shares is at $13.4 million. Wah Fu Education Group (NASDAQ:WAFU) shares moved upwards by 9.99% to $2.09. The company's market cap stands at $9.2 million. Digital Brands Group (NASDAQ:DBGI) shares rose 9.82% to $1.9. The company's market cap stands at $3.7 million
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Shares of Ooma, Inc. (NYSE:OOMA) rose sharply in today's pre-market trading after the company reported better-than-expected first-quarter financial results and issued strong guidance for the second quarter. The company also issued FY25 adjusted EPS guidance above estimates. Ooma shares jumped 17% to $9.24 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers ReShape Lifesciences Inc. (NASDAQ:RSLS) rose 130.2% to $0.4789 in today's pre-market trading after the company announced that it received a notice of allowance for its U.S. patent application 17/572,387 titled “INTRAGASTRIC DEVICE (FOR TREATING OBESITY)” Scorpius Holdings,
Digital Brands Group, Inc. ("we", "us", "DBG" or the "Company") (NASDAQ:DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the entry into a definitive agreement for the immediate exercise in cash of certain outstanding warrants to purchase an aggregate of 1,027,750 shares of the Company's common stock at a reduced exercise price of $3.13 per share. The exercised warrants are comprised of Series A and Series B warrants originally issued by the Company on September 5, 2023, each having an exercise price of $9.43 per share. The Series A warrants have a term of five and one-half years and the Series B warrants have a term of fifteen months. The shares of commo
Gainers SharpLink Gaming (NASDAQ:SBET) stock rose 16.8% to $1.39 during Monday's after-market session. The market value of their outstanding shares is at $4.5 million. Secoo Holding (NASDAQ:SECO) shares moved upwards by 9.24% to $0.45. The company's market cap stands at $3.1 million. Color Star Tech (NASDAQ:ADD) stock rose 8.03% to $0.25. The company's market cap stands at $5.6 million. ToughBuilt Industries (NASDAQ:TBLT) stock increased by 6.9% to $2.94. The company's market cap stands at $2.2 million. Mingteng International (NASDAQ:MTEN) shares rose 4.78% to $3.72. The market value of their outstanding shares is at $23.0 million. Serve Robotics (NASDAQ:SERV) shares increased by 4.44%