DSTLD news and archive

Digital Brands Group acquires Open Daily's virtual shopping assets

Digital Brands Group has acquired the assets of Open Daily, a company pioneering virtual shopping solutions that enhance online retail experiences and drive consumer engagement. “With Open Daily’s virtual shopping technology assets, we see an opportunity to enhance digital retail experiences,” said Hil Davis, CEO of Digital Brands Group. “This...

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Digital Brands Group's Q1 revenues decline

For the first quarter, Digital Brands Group reported net revenues for the quarter declined to 3.6 million dollars negatively impacted by wholesale shipments that slipped from the end of March to the first half of April. “Despite a timing shift in our wholesale shipments, which shifted revenue from the first quarter to the second quarter, we...

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Business

Digital Brands Group posts 58.3 percent Q3 revenue growth

Net Sales at Digital Brands Group were 3.4 million dollars in the third quarter, an increase of 58.3 percent year over year. Gross profit margin was 48.3 percent versus 55.9 percent a year ago, a decrease of 7.6 percent in gross profit margin. "We are pleased to announce that we delivered strong revenue growth and continued operating leverage on...