Sundries | Jotup

ProbablyMonsters Adds New Development Team, Multiplayer Game, and Chief Product Officer

Retrieved on:

Tuesday, April 9, 2024

ProbablyMonsters ™, an independent video game company that aims to change the way games are made, continues to cultivate new development teams and games under Chief Product Officer, media and entertainment executive Adam Rymer.

Key Points:

ProbablyMonsters ™, an independent video game company that aims to change the way games are made, continues to cultivate new development teams and games under Chief Product Officer, media and entertainment executive Adam Rymer.
Additionally, the company revealed Hidden Grove , a new development team led by Chris Opdahl, which is working on an original multiplayer competitive adventure game using Unreal Engine 5.
As Chief Product Officer, providing advice, insight, and guidance to create opportunities for success across the board is a key part of Rymer’s role.
“Our definition of product isn't just the games here at ProbablyMonsters; it's also the design of the teams themselves,” said Adam Rymer.

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

Retrieved on:

Tuesday, February 27, 2024

Acquisition, Collection, Sundries, Retail

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.

Key Points:

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.
DBG will use this store to clear excess inventory at meaningfully higher margins than selling into the off-price channel.
"We are excited to begin the retail store phase of our growth strategy.
We believe the best performing retail brands will have three legs to their growth story: (1) wholesale, (2) e-commerce and (3) retail stores," said Hil Davis, Chief Executive Officer of Digital Brands Group.

SRG Residential Wins Assignment for Las Vegas Apartment Home Collections at UnCommons

Retrieved on:

Wednesday, February 14, 2024

Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, SRG, Collection, EV, Restaurant, Multimedia, Work, Uncyclopedia, Sundries, Swimming, Recreation, Seating assignment, Zoom

SRG Residential has been awarded management of Vestra, a curated collection of apartment homes at UnCommons , an $850 million, 40-acre mixed-use community in Southwest Las Vegas developed by Matter Real Estate Group .

Key Points:

SRG Residential has been awarded management of Vestra, a curated collection of apartment homes at UnCommons , an $850 million, 40-acre mixed-use community in Southwest Las Vegas developed by Matter Real Estate Group .
UnCommons, which broke ground in 2020, features a vibrant, walkable community of residential, dining, recreation, and workspaces.
View the full release here: https://www.businesswire.com/news/home/20240214543887/en/
SRG is proud to have the responsibility of managing Vestra, the first residential development at UnCommons, featuring three midrise towers comprised of 352 modern apartment homes.
(Photo: Business Wire)
“We are deeply appreciative to Matter Real Estate Group for entrusting SRG with one of their most unique and exciting mixed-use developments in Las Vegas,” said Tina West, Executive Vice President, Client Advisory Group for SRG Residential.

Digital Brands Group Signs Letter of Intent to Open First Retail Store in March

Retrieved on:

Tuesday, January 16, 2024

Letter, Acquisition, Sundries, Collection, Retail

AUSTIN, Texas, Jan. 16, 2024 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that is has signed a Letter of Intent to open its first retail store in March. 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 metrics and performance of this store, and excess Sundry inventory prior to the acquisition.

Key Points:

AUSTIN, Texas, Jan. 16, 2024 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that is has signed a Letter of Intent to open its first retail store in March.
DBG will use this store to clear excess inventory at a meaningfully higher margin than selling into the off-price channel.
"We are excited to begin the retail store phase of growth strategy.
We believe the best performing retail brands will have three legs to their growth story: (1) wholesale, (2) e-commerce and (3) retail stores.

Digital Brands Group Reports Third Quarter 2023 Financial Results

Retrieved on:

Tuesday, November 14, 2023

Digital branding, G&A, Collection, Dislocation, D, Retail, Sundries

AUSTIN, Texas, Nov. 14, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its third quarter ended September 30, 2023.

Key Points:

First quarter 2024 wholesale bookings are $4.5 million, which does not include e-commerce revenue, wholesale re-orders and licensing income
AUSTIN, Texas, Nov. 14, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its third quarter ended September 30, 2023.
Based on current trends and first quarter wholesale bookings, we are past the brand's bottom set in August.
For example, we have tripled Sundry's first quarter 2024 wholesale bookings versus the brand's third quarter 2023 wholesale revenue," said Hil Davis, CEO of Digital Brands Group.
code is 7049695 or referencing Digital Brands or via the web by using the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=4F6hhED1 .

Digital Brands Group Reports First Quarter 2023 Financial Results

Retrieved on:

Monday, May 22, 2023

MCA, EBITDA, Acquisition, G&A, Collection, Retail, Insurance, Aquaculture, Sundries

AUSTIN, Texas, May 22, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its first quarter ended March 31, 2023.

Key Points:

AUSTIN, Texas, May 22, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its first quarter ended March 31, 2023.
"We are pleased to see the significant operating leverage we experienced with the acquisition of Sundry, and still expect to achieve positive EBITDA this fall even in a challenging macro environment" said Hil Davis, CEO of Digital Brands Group.
"We are also excited about our two new revenue channels that launch this Fall, which are our proprietary affiliate program and our multi-brand retail stores."
Now that the Sundry acquisition has closed, we are well on our way to achieving our initial goals," said Hil Davis, Chief Executive Officer of Digital Brands Group.

eCommerce Penetration of Direct-to-Consumer Marketplace Reaching into the Trillions in Revenues

Retrieved on:

Thursday, May 4, 2023

PALM BEACH, Fla., May 4, 2023 /PRNewswire/ -- The global e-commerce market has shown substantial growth in the past years and is projected to continue for the next several years. Grandview Research projected that the global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. It said: "Increasing penetration of the internet is bolstering the smartphone-using population across the world. Digital content, travel and leisure, financial services, and e-tailing among others constitute a variety of e-commerce options available to the internet accessing customer base that is gaining momentum with increased internet usage. Hence, technological awareness among customers is expected to have a positive impact on market growth." Another industry report was also very optimistic. Skyquest projected that the Global E-Commerce Market is poised to grow from USD 26673.64 billion in 2022 to USD 62415.2 billion by 2030, growing at a CAGR of 11% in the forecast period (2023-2030). It added: "The E-commerce market is growing mainly due to the factors such as rising penetration of smartphones and internet, increasing use of social media for promoting E-commerce sites and the introduction of new payment methods. E-commerce helps firm conduct business without the need for physical infrastructure thereby reducing the capital requirements of the company. Online e-commerce portal provides the consumers with a hassle-free shopping experience while including a wide variety of items to choose from." Active companies in the markets this week include: Digital Brands Group, Inc. (NASDAQ: DBGI), Solo Brands, Inc (NYSE: DTC), a.k.a. Brands Holding Corp. (NYSE: AKA), Warby Parker Inc. (NYSE: WRBY), Allbirds, Inc. (NASDAQ: BIRD).

Key Points:

It added: "The E-commerce market is growing mainly due to the factors such as rising penetration of smartphones and internet, increasing use of social media for promoting E-commerce sites and the introduction of new payment methods.
E-commerce helps firm conduct business without the need for physical infrastructure thereby reducing the capital requirements of the company.
Online e-commerce portal provides the consumers with a hassle-free shopping experience while including a wide variety of items to choose from."
Active companies in the markets this week include: Digital Brands Group, Inc. (NASDAQ: DBGI), Solo Brands, Inc (NYSE: DTC), a.k.a.

eCommerce Penetration of Direct-to-Consumer Marketplace Reaching into the Trillions in Revenues

Retrieved on:

Thursday, May 4, 2023

PALM BEACH, Fla., May 4, 2023 /PRNewswire/ -- The global e-commerce market has shown substantial growth in the past years and is projected to continue for the next several years. Grandview Research projected that the global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. It said: "Increasing penetration of the internet is bolstering the smartphone-using population across the world. Digital content, travel and leisure, financial services, and e-tailing among others constitute a variety of e-commerce options available to the internet accessing customer base that is gaining momentum with increased internet usage. Hence, technological awareness among customers is expected to have a positive impact on market growth." Another industry report was also very optimistic. Skyquest projected that the Global E-Commerce Market is poised to grow from USD 26673.64 billion in 2022 to USD 62415.2 billion by 2030, growing at a CAGR of 11% in the forecast period (2023-2030). It added: "The E-commerce market is growing mainly due to the factors such as rising penetration of smartphones and internet, increasing use of social media for promoting E-commerce sites and the introduction of new payment methods. E-commerce helps firm conduct business without the need for physical infrastructure thereby reducing the capital requirements of the company. Online e-commerce portal provides the consumers with a hassle-free shopping experience while including a wide variety of items to choose from." Active companies in the markets this week include: Digital Brands Group, Inc. (NASDAQ: DBGI), Solo Brands, Inc (NYSE: DTC), a.k.a. Brands Holding Corp. (NYSE: AKA), Warby Parker Inc. (NYSE: WRBY), Allbirds, Inc. (NASDAQ: BIRD).

Key Points:

It added: "The E-commerce market is growing mainly due to the factors such as rising penetration of smartphones and internet, increasing use of social media for promoting E-commerce sites and the introduction of new payment methods.
E-commerce helps firm conduct business without the need for physical infrastructure thereby reducing the capital requirements of the company.
Online e-commerce portal provides the consumers with a hassle-free shopping experience while including a wide variety of items to choose from."
Active companies in the markets this week include: Digital Brands Group, Inc. (NASDAQ: DBGI), Solo Brands, Inc (NYSE: DTC), a.k.a.

DBGI Announces an Increase of 46.5% for Preliminary Revenue Results for First Quarter Fiscal 2023

Retrieved on:

Thursday, May 4, 2023

Sundries, Union, Acquisition, Collection

AUSTIN, Texas, May 4, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBGI") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced that it expects first quarter fiscal 2023 revenues to be approximately $5.0 million, an increase of 46.5%.

Key Points:

AUSTIN, Texas, May 4, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBGI") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced that it expects first quarter fiscal 2023 revenues to be approximately $5.0 million, an increase of 46.5%.
Hil Davis, Chief Executive Officer of Digital Brands Group, stated that "Our 2023 first quarter reflected the strategic decision to lower advertising spend as we onboarded a performance marketing agency, which resulted in two months of significantly lower e-commerce revenues.
However, since the performance marketing began, we have seen our monthly e-commerce revenue double from January levels.
Davis continued, "Our first quarter results will also include the results of our Sundry acquisition.

Digital Brands Group Reports Fourth Quarter and Fiscal Year 2022 Financial Results

Retrieved on:

Monday, April 17, 2023

Suggestion, MCA, Union, Bailey, Acquisition, G&A, Collection, Reinsurance, Retail, Aquaculture, Sundries

AUSTIN, Texas, April 17, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its fourth quarter and 2022 fiscal year ended December 31, 2022.

Key Points:

AUSTIN, Texas, April 17, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its fourth quarter and 2022 fiscal year ended December 31, 2022.
Our fourth quarter and fiscal year 2022 financial results do not include the impact and results from our acquisition of Sundry on December 30, 2022.
We lost a year due to the market decline in 2022, which delayed our acquisition of Sundry.
Now that the Sundry acquisition has happened, we are well on our way to achieving our initial goals," said Hil Davis, Chief Executive Officer of Digital Brands Group.