Digital Brands Group to Report Third Quarter 2021 Financial Results on Thursday, November 11, 2021

Rhea-AI Summary

Digital Brands Group, Inc. (NASDAQ: DBGI) will report its third-quarter financial results for the period ending September 30, 2021, on November 11, 2021, at 5:30 p.m. ET. Management will hold a webcast on November 12 at 8:30 a.m. ET to discuss these results. The company focuses on a digital-first approach in luxury lifestyle brands, emphasizing direct-to-consumer sales while controlling distribution and sourcing from third-party manufacturers. This strategy aims to enhance customer engagement and drive long-term growth.

Positive

• Strong focus on digital-first brand strategy.
• Control over distribution and sourcing enhances margins.
• Omnichannel approach supports customer engagement and growth.

Negative

• None.

AUSTIN, Texas, Nov. 11, 2021 /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, 2021 on Thursday, November 11, 2021 at 5:30 p.m. ET.

Management will host a webcast on Friday, November 12 at 8:30 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 13725121or via the web by using the following link: https://tinyurl.com/efyarha2. 

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. Digital native first brands are brands founded as e-commerce driven businesses, where online sales constitute a meaningful percentage of net sales, although they often subsequently also expand into wholesale or direct retail channels. Unlike typical e-commerce brands, as a digitally native vertical brand we control our own distribution, sourcing products directly from our third-party manufacturers and selling directly to the end consumer. 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. We have strategically expanded into an omnichannel brand offering these styles and content not only on-line but at selected wholesale and retail storefronts. We believe this approach allows us opportunities to successfully drive Lifetime Value ("LTV") while increasing new customer growth. 

Digital Brands Group, Inc. Company Contact:

Hil Davis, CEO
Email: invest@digitalbrandsgroup.co
Phone: (800) 593-1047

Related Links

https://ir.digitalbrandsgroup.co

View original content:https://www.prnewswire.com/news-releases/digital-brands-group-to-report-third-quarter-2021-financial-results-on-thursday-november-11-2021-301421923.html

SOURCE Digital Brands Group, Inc.

FAQ

When will Digital Brands Group report its Q3 2021 financial results?

Digital Brands Group will report its Q3 2021 financial results on November 11, 2021, at 5:30 p.m. ET.

What time is the webcast for Digital Brands Group's Q3 2021 results?

The webcast for Digital Brands Group's Q3 2021 results is scheduled for November 12, 2021, at 8:30 a.m. ET.

What is Digital Brands Group's business model?

Digital Brands Group operates on a digital-first model, emphasizing direct-to-consumer sales while maintaining control over distribution and sourcing.

What is the ticker symbol for Digital Brands Group?

The ticker symbol for Digital Brands Group is DBGI.