The fastest way to build an Amazon Store

DBGI Launches on Amazon Prime, while also Launching its Affiliate Program – Yahoo Finance

New weekly claims fall to 199,000, far less than the expected 260,000

AUSTIN, Texas, Oct. 28, 2021 /PRNewswire/ — Digital Brands Group, Inc. ("DBGI") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces it launched DSTLD on Amazon Prime, while it also launched its affiliate program across all its brands.
DSTLD has officially moved past the "on-boarding" stage today with Amazon Prime, which means its product will be for sale on Amazon Prime. "We believe the extra time and work it took to qualify for Amazon Prime will result in much higher short and long-term value versus just selling as a third party on Amazon's site," said Laura Dowling, Chief Marketing Officer of Digital Brands Group.
Furthermore, in the next three days, DSTLD's Brand Store will launch on Amazon, which will include DSTLD's own videos and branded content. According to and eMarketer, 63 percent of online shoppers go to Amazon to start searching for products, which we believe will increase brand awareness and customer acquisition.
In addition to this, DBGI is launching an affiliate program across all its brands. This is the first time most of its brands have launched an affiliate program. The benefit of an affiliate program is the significant reach a brand creates working with major online publications and their millions of readers, so the brand awareness and customer reach is exponential to traditional digital marketing programs. Historically, DSLTD has generated meaningful revenue and customer acquisition growth through its affiliate programs.
Once again, Hil Davis, Chief Executive Officer of Digital Brands Group, stated that "we are excited to finally move into our growth phase, and believe these programs will show the power of our platform and the growth opportunity for Q4 of 2021 and 2022."
Finally, as we discussed in our S-1, we expect to continue to grow through acquisitions and expect to continue to acquire companies this year, most of which will require GAAP PCAOB audits. These audits take time, which results in a delayed acquisition timeframe weighted toward the final months of 2021.
Forward-looking Statements
Certain statements included in this release are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting DBG and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as "will," "anticipate," "estimate," "expect," "should," and "may" and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding DBG's plans, objectives, projections and expectations relating to DBG's operations or financial performance, and assumptions related thereto are forward-looking statements. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. DBG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of DBG to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis, including the coronavirus (COVID-19) global pandemic; the level of consumer demand for apparel and accessories; disruption to DBGs distribution system; the financial strength of DBG's customers; fluctuations in the price, availability and quality of raw materials and contracted products; disruption and volatility in the global capital and credit markets; DBG's response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; intense competition from online retailers; manufacturing and product innovation; increasing pressure on margins; DBG's ability to implement its business strategy; DBG's ability to grow its wholesale and direct-to-consumer businesses; retail industry changes and challenges; DBG's and its vendors' ability to maintain the strength and security of information technology systems; the risk that DBG's facilities and systems and those of our third-party service providers may be vulnerable to and unable to anticipate or detect data security breaches and data or financial loss; DBG's ability to properly collect, use, manage and secure consumer and employee data; stability of DBG's manufacturing facilities and foreign suppliers; continued use by DBG's suppliers of ethical business practices; DBG's ability to accurately forecast demand for products; continuity of members of DBG's management; DBG's ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; DBG's ability to execute and integrate acquisitions; changes in tax laws and liabilities; legal, regulatory, political and economic risks; adverse or unexpected weather conditions; DBG's indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent DBG from fulfilling its financial obligations; and climate change and increased focus on sustainability issues. More information on potential factors that could affect DBG's financial results is included from time to time in DBG's public reports filed with the SEC, including DBG's Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q, and Forms 8-K filed or furnished with the SEC.
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
Phone: (800) 593-1047
Related Links
View original content:
SOURCE Digital Brands Group, Inc.
The stock market has seen some volatility pop back up after a strong rally throughout much of October and early November, and after moving to record levels, market benchmarks have started to pull back. High-growth tech stocks have taken a lot of damage over the past couple of weeks, and investors have been responding to earnings releases with a lot of nervousness about whether past rates of growth will continue. On Wednesday morning, two more tech stocks fell sharply following their latest financial reports.
The economist and adviser at Allianz SE says high inflation is here to stay.
Investing in China remains a tricky proposition, though some experts believe the worst is over for the country's embattled tech sector.
Get in on the ground floor of a brand new industry like the metaverse — an iteration of the internet that creates interconnected virtual worlds. Facebook's parent company, Meta Platforms, has reignited interest in metaverse development after announcing plans to commit $10 billion to build what it calls the successor to the mobile internet.
In this industry analysis article, we will take a look at the 15 most valuable data companies in the world. You can skip our detailed analysis of these companies, and go directly to the 5 Most Valuable Data Companies in the World. The rapid advance of modern-day computing has created industries that many would have […]
Wood’s top picks have delivered enormous returns for Ark investors.
Teladoc Health (NYSE: TDOC), to many investors the top stock in the mushrooming telehealth segment, looked a bit sickly on Tuesday. The latest in a series of analyst price target cuts was the primary reason for the slide. Following similar adjustments from several of his peers in the stock forecasting realm, Canaccord Genuity analyst Richard Close has chopped his price target for Teladoc.
Cannabis companies often need to raise money through new share offerings in order to help fund their future growth plans. Investors would probably be happy with a company that simply doesn't issue new shares on an ongoing basis. The idea of a pot producer announcing share repurchases is almost unheard of.
The cryptocurrency's growing applications make it less susceptible to the interest rates.
The cryptocurrency fell almost 40% from its value in a week, but good news may be coming that could buoy it again.
One such famous figure is Cathie Wood, CEO of the investment management firm ARK Invest. Below are two Cathie Wood stocks that could perform well for many years to come. Cancer is one of the world's leading causes of death, but one way to prevent the worst outcome is by catching the disease early.
For investors looking for options outside of the headline names, ChargePoint (NYSE: CHPT) could be a great pick-and-shovel choice. Daniel Foelber (ChargePoint): You may have heard of charging names like Blink Charging, (NASDAQ: BLNK), Volta (NYSE: VLTA), EVgo (NASDAQ: EVGO), and Wallbox. For the automakers, a technological edge means everything, but the charging segment is more about which company can be the most efficient.
Yahoo Finance Live's Brian Sozzi and Julie Hyman break down how Nordstrom stock is dropping after falling short on earnings amid supply chain issues.
The EV industry is red-hot, but there's value if you know where to look.
PayPal (NASDAQ: PYPL) and Affirm (NASDAQ: AFRM) might initially seem like two very different fintech companies. Let's take a fresh look at PayPal and Affirm, review their long-term prospects and valuations, and see which stock is the better buy. PayPal, which was spun off from eBay in 2015, owns one of the largest digital payment platforms in the world with over 416 million active accounts.
There's no doubt that the GE Healthcare spinoff and the portion of the company that won't get spun off will be the stronger two, but I think the third business will be the most interesting. Here's why investors should not be quick to dismiss the combination of GE Power, GE Renewable Energy, and GE Digital. As a reminder, GE's plans involve spinning off GE Healthcare in early 2023 (with GE retaining a 19.9% stake in the new company), and then combining GE Power, GE Renewable Energy, and GE Digital into one business and spinning that off in 2024.
Stocks fell on Wednesday, adding to losses following an extended rout in technology stocks, as investors digested a deluge of economic data before a holiday market closure.
2021 has been a fantabulous year for stock investors, with the S&P 500 returning 25% year to date. But here’s the bad news: all good things must come to an end, and the clock’s ticking down to the end of 2021. But here’s the good news, too: 2022 might also be not too shabby a year for stocks. Most of Wall Street’s pros believe we’ll see between 8% and 12% growth going forward. That’s a sound return, and in line with the market’s long-term overall gains. What investors need to do now is optimize
With the market remaining in a confirmed uptrend, it's the perfect time to research the IBD Long-Term Leaders list.
Growth stocks have been the star performers of the U.S. equity market for the past 12 years, driven by ultra-low interest rates and the availability of cheap capital. If monetary policy does tighten, only those growth stocks with solid fundamentals, improving financials, and strong competitive advantages stand a chance of maintaining attractive returns. Both fuboTV (NYSE: FUBO) and PubMatic (NASDAQ: PUBM) fulfill these criteria and the two stocks could prove to be attractive buy-and-hold picks for retail investors.


Leave a Reply

Your email address will not be published. Required fields are marked *