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Digital Brands Group To Open First Retail Store in First Half of April in Dallas, Texas

Digital Brands Group To Open First Retail Store in First Half of April in Dallas, Texas

數字品牌集團將於4月上半月在德克薩斯州達拉斯開設第一家零售店
PR Newswire ·  02/27 08:30

Store forecasted to generate over $1.5 million in annual revenue and $500,000 in annual cash flow

門店預計將產生超過150萬美元的年收入和50萬美元的年度現金流

AUSTIN, Texas, Feb. 27, 2024 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces plans to open its first retail store in the first half of April at the Simon Premium Outlet Mall in Allen, Texas, a suburb of Dallas, TX. The Company forecasts the store to generate over $1.5 million in annual revenue and over $500,000 in annual cash flow based on the historical performance of this location, and excess Sundry inventory prior to the acquisition.

德克薩斯州奧斯汀,2024 年 2 月 27 日 /PRNewswire/-- 數字品牌集團有限公司(“DBG”) (納斯達克股票代碼:DBGI) 一系列精心策劃的奢華生活方式、數字優先品牌今天宣佈計劃於4月上半月在德克薩斯州達拉斯郊區的德克薩斯州艾倫的西蒙高級奧特萊斯購物中心開設其第一家零售店。根據該地點的歷史表現以及收購前的多餘雜貨庫存,該公司預測,該門店的年收入將超過150萬美元,年度現金流將超過50萬美元。

DBG will use this store to clear excess inventory at meaningfully higher margins than selling into the off-price channel. Importantly, DBG received a significant amount of excess inventory with its Sundry acquisition. Therefore, there will be little to no additional costs associated with the excess inventory, as this inventory has already been paid for and is sitting in our warehouse. Given this, we expect this store to generate significant annual cash flow of over $500,000 a year.

DBG將利用這家商店清理多餘的庫存,其利潤率要比向低價渠道出售的利潤率高得多。重要的是,DBG在收購Sundry時獲得了大量的多餘庫存。因此,由於這些庫存已經付款並且存放在我們的倉庫中,因此幾乎沒有與過剩庫存相關的額外成本。鑑於此,我們預計這家商店每年將產生超過50萬美元的大量現金流。

"We are excited to begin the retail store phase of our growth strategy. We believe the best performing retail brands will have three legs to their growth story: (1) wholesale, (2) e-commerce and (3) retail stores," said Hil Davis, Chief Executive Officer of Digital Brands Group.

“我們很高興開始增長戰略的零售商店階段。數字品牌集團首席執行官希爾·戴維斯表示,我們認爲,表現最好的零售品牌的增長故事將有三條腿:(1)批發,(2)電子商務和(3)零售商店。

Forward-looking Statements

前瞻性陳述

Certain statements included in this release are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting DBG and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as "will," "anticipate," "estimate," "expect," "should," and "may" and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding DBG's plans, objectives, projections and expectations relating to DBG's operations or financial performance, and assumptions related thereto are forward-looking statements. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. DBG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of DBG to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis, including the coronavirus (COVID-19) global pandemic; the level of consumer demand for apparel and accessories; disruption to DBGs distribution system; the financial strength of DBG's customers; fluctuations in the price, availability and quality of raw materials and contracted products; disruption and volatility in the global capital and credit markets; DBG's response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; intense competition from online retailers; manufacturing and product innovation; increasing pressure on margins; DBG's ability to implement its business strategy; DBG's ability to grow its wholesale and direct-to-consumer businesses; retail industry changes and challenges; DBG's and its vendors' ability to maintain the strength and security of information technology systems; the risk that DBG's facilities and systems and those of our third-party service providers may be vulnerable to and unable to anticipate or detect data security breaches and data or financial loss; DBG's ability to properly collect, use, manage and secure consumer and employee data; stability of DBG's manufacturing facilities and foreign suppliers; continued use by DBG's suppliers of ethical business practices; DBG's ability to accurately forecast demand for products; continuity of members of DBG's management; DBG's ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; DBG's ability to execute and integrate acquisitions; changes in tax laws and liabilities; legal, regulatory, political and economic risks; adverse or unexpected weather conditions; DBG's indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent DBG from fulfilling its financial obligations; and climate change and increased focus on sustainability issues. More information on potential factors that could affect DBG's financial results is included from time to time in DBG's public reports filed with the SEC, including DBG's Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q, and Forms 8-K filed or furnished with the SEC.

本新聞稿中包含的某些陳述是聯邦證券法所指的 “前瞻性陳述”。前瞻性陳述是根據我們對影響DBG的未來事件的預期和信念做出的,因此涉及多種風險和不確定性。您可以通過它們使用 “將”、“預期”、“估計”、“期望”、“應該” 和 “可能” 等詞語以及其他具有相似含義或使用未來日期的詞彙和術語來識別這些陳述,但是,沒有這些詞語或類似的表述並不意味着陳述不是前瞻性的。所有關於DBG的計劃、目標、預測和預期的陳述,以及與之相關的假設,均爲前瞻性陳述。我們警告說,前瞻性陳述不是保證,實際結果可能與前瞻性陳述中表達或暗示的結果存在重大差異。除非法律要求,否則DBG沒有義務公開更新或修改任何前瞻性陳述,無論是由於新信息、未來事件還是其他原因。可能導致DBG的實際經營業績或財務狀況與前瞻性陳述所表達或暗示的存在重大差異的潛在風險和不確定性包括但不限於:疾病或任何其他傳染病的廣泛爆發或任何其他公共衛生危機,包括冠狀病毒(COVID-19)全球疫情;消費者對服裝和配飾的需求水平;DBG分銷系統的中斷;DBG客戶的財務實力;的波動原材料和合同產品的價格、可用性和質量;全球資本和信貸市場的混亂和波動;DBG對不斷變化的時尚趨勢、不斷變化的消費者偏好和不斷變化的消費者行爲模式的回應;來自在線零售商的激烈競爭;製造業和產品創新;利潤壓力越來越大;DBG實施其業務戰略的能力;DBG發展其批發和直接面向消費者的業務的能力;零售行業的變化和挑戰;DBG及其其供應商的能力維護信息技術系統的強度和安全性;DBG的設施和系統以及我們的第三方服務提供商的設施和系統可能容易受到且無法預測或發現數據安全漏洞和數據或財務損失的風險;DBG正確收集、使用、管理和保護消費者和員工數據的能力;DBG製造設施和外國供應商的穩定性;DBG的供應商繼續使用道德商業慣例;DBG準確預測需求的能力產品;DBG 成員的連續性的管理;DBG保護商標和其他知識產權的能力;可能的商譽和其他資產減值;DBG執行和整合收購的能力;稅法和負債的變化;法律、監管、政治和經濟風險;不利或意想不到的天氣狀況;DBG的債務及其在需要時以優惠條件獲得融資的能力,可能會阻礙DBG履行其財務義務;以及氣候變化和對可持續發展問題的更多關注。有關可能影響DBG財務業績的潛在因素的更多信息,不時包含在DBG向美國證券交易委員會提交的公開報告中,包括DBG的10-K表年度報告、10-Q表季度報告以及向美國證券交易委員會提交或提供的8-K表格。

About Digital Brands Group
We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business model derived from our founding as a digitally native-first vertical brand. We focus on owning the customer's "closet share" by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer cohort.

關於數字品牌集團
我們通過多個品牌以直接面向消費者和批發的方式提供種類繁多的服裝。作爲數字原生優先的垂直品牌,我們創建了一種商業模式。我們專注於通過利用客戶的數據和購買歷史來創建個性化的有針對性的內容並尋找特定的客戶群體,從而擁有他們的 “壁櫥份額”。

Digital Brands Group, Inc. Company Contact
Hil Davis, CEO
Email: [email protected]
Phone: (800) 593-1047

數字品牌集團有限公司公司聯繫方式
希爾·戴維斯,首席執行官
電子郵件: [電子郵件保護]
電話:(800) 593-1047

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SOURCE Digital Brands Group, Inc.

來源 Digital Brands Group

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