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

February 27, 2024

https://www.prnewswire.com/news-releases/digital-brands-group-to-open-first-retail-store-in-first-half-of-april-in-dallas-texas-302072282.html

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

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.

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