DBGI Announces Record 766% Increase in E-Commerce Revenues for January and February – PR Newswire

AUSTIN, March 7, 2022 /PRNewswire/ — Digital Manufacturers Group, Inc. (“DBGI”)  (NASDAQ: DBGI), a curated assortment of luxurious way of life, digital-first styles, right now declares that e-commerce income progress enhanced a doc-setting 776% yr-over-yr for the months of January and February. 

Hil Davis, Chief Authorities Officer of Digital Manufacturers Group, said that “this e-commerce Outcome’s properly above our plan, and illustcosts The power of our portfolio mannequin. We proceed to expertise accelerating e-commerce progress as our buyer acquisition channels Discover your self to be extra focused with greater conversion costs And greater common spend.”

Davis proceedd, “As properly as, our wholesale channel proceeds to significantly outperform plan, with a 200%+ enhance yr-over yr in January and February. We’re experiencing unimaginable leverage and outcomes as we cross merchandise our current styles to The client lists of the newly buyd styles, and vice versa. We think about that as we add extra acquisitions into our portfolio these outcomes ought to solely velocity up, Which might drive shareholder worth Inside the brief and Prolonged time period.”

Forward-wanting Statements
Sure statements embraced On this launch are “forward-wanting statements” Contained in the which Method of the federal securities regulations. Forward-wanting statements are made based mostly on our anticipateations and beliefs regarding future occasions impacting DBG and subsequently contain a quantity of hazards and uncertainties. You will Have The power to decide these statements by The fact that they use phrases Similar to “will,” “anticipate,” “estimate,” “anticipate,” “ought to,” and “might” and completely different phrases and time durations Of comparable which implys or use of future dates, however, the absence Of these phrases or comparable expressions Does not imply that A press launch Isn’t forward-wanting. All statements relating to DBG’s plans, goals, projections and anticipateations Referring to DBG’s operations or monetary efficiency, and assumptions associated thereto are forward-wanting statements. We warning that forward-wanting statements Aren’t ensures and that exact outcomes might differ materially from these expressed or implied Inside the forward-wanting statements. DBG undertakes no obligation to publicly replace or revise any forward-wanting statements, whether or not As a result of Of latest information, future occasions or completely differentwise, besides as required by regulation. Potential hazards and uncertainties That would set off the exact outcomes of operations or monetary situation of DBG To vary materially from these expressed or implied by forward-wanting statements embrace, however Aren’t restricted to: hazards arising from the widespread outbreak of an sickness or Ancompletely different communicable illness, or Ancompletely different public well being disaster, collectively with the coronavirus (COVID-19) worldwide pandemic; The extent of shopper demand For attire and equipment; disruption to DBGs distrihoweverion system; the monetary power of DBG’s buyers; fluctuations Inside The worth, availcapability and extreme quality of uncooked supplies and contracted merchandise; disruption and volatility Inside The worldwide capital and credit rating markets; DBG’s response to altering style …….

Source: https://www.prnewswire.com/news-releases/dbgi-announces-record-766-increase-in-e-commerce-revenues-for-january-and-february-301496946.html