DBG Plans to Open 50 Retail Stores Over Next Several Years Funded By Internal Free Cash Flow

January 18, 2024

https://www.prnewswire.com/news-releases/dbg-plans-to-open-50-retail-stores-over-next-several-years-funded-by-internal-free-cash-flow-302038067.html

DBG forecasts over $1.5 million per store or $75 million annually in revenues over entire store fleet

AUSTIN, Texas, Jan. 18, 2024 /PRNewswire/ — Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that it plans to open 50 retail stores over the next several years, which will be funded by its internal free cash flow. DBG has been reviewing store locations and leases with several large-scale retail developers.

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