DBG Announces First 45 Day Results with VAYNERCOMMERCE resulting in a 224% increase in digital revenue
Digital Brands Group (NASDAQ: DBGI) reported significant results from its marketing partnership with VAYNERCOMMERCE, showing a 224% increase in daily digital revenues during the first 45 days of collaboration (October 22nd to December 5th, 2024) compared to the previous 45-day period. The partnership, which began on October 21st, 2024, aims to enhance DBG's online presence and revenue growth through VAYNERCOMMERCE's digital marketing services. VAYNERCOMMERCE, created by Gary Vaynerchuk (GARYVEE), is a full-service digital growth agency focused on helping digital companies scale their operations.
Digital Brands Group (NASDAQ: DBGI) ha riportato risultati significativi dalla sua partnership di marketing con VAYNERCOMMERCE, mostrando un incremento del 224% nei ricavi digitali giornalieri durante i primi 45 giorni di collaborazione (dal 22 ottobre al 5 dicembre 2024) rispetto al periodo precedente di 45 giorni. La partnership, iniziata il 21 ottobre 2024, ha l'obiettivo di migliorare la presenza online di DBG e la crescita dei ricavi attraverso i servizi di marketing digitale di VAYNERCOMMERCE. VAYNERCOMMERCE, fondata da Gary Vaynerchuk (GARYVEE), 猫 un'agenzia di crescita digitale a servizio completo focalizzata ad aiutare le aziende digitali a scalare le loro operazioni.
Digital Brands Group (NASDAQ: DBGI) inform贸 sobre resultados significativos de su asociaci贸n de marketing con VAYNERCOMMERCE, mostrando un aumento del 224% en los ingresos digitales diarios durante los primeros 45 d铆as de colaboraci贸n (del 22 de octubre al 5 de diciembre de 2024) en comparaci贸n con el per铆odo anterior de 45 d铆as. La asociaci贸n, que comenz贸 el 21 de octubre de 2024, tiene como objetivo mejorar la presencia en l铆nea de DBG y el crecimiento de ingresos a trav茅s de los servicios de marketing digital de VAYNERCOMMERCE. VAYNERCOMMERCE, creada por Gary Vaynerchuk (GARYVEE), es una agencia de crecimiento digital de servicio completo centrada en ayudar a las empresas digitales a escalar sus operaciones.
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Digital Brands Group (NASDAQ: DBGI) a rapport茅 des r茅sultats significatifs de son partenariat marketing avec VAYNERCOMMERCE, montrant une augmentation de 224 % des revenus num茅riques quotidiens au cours des 45 premiers jours de collaboration (du 22 octobre au 5 d茅cembre 2024) par rapport 脿 la p茅riode pr茅c茅dente de 45 jours. Le partenariat, qui a commenc茅 le 21 octobre 2024, vise 脿 am茅liorer la pr茅sence en ligne de DBG et la croissance des revenus gr芒ce aux services de marketing num茅rique de VAYNERCOMMERCE. VAYNERCOMMERCE, fond茅e par Gary Vaynerchuk (GARYVEE), est une agence de croissance num茅rique 脿 service complet, ax茅e sur l'aide aux entreprises num茅riques pour d茅velopper leurs op茅rations.
Digital Brands Group (NASDAQ: DBGI) berichtete 眉ber signifikante Ergebnisse aus seiner Marketingpartnerschaft mit VAYNERCOMMERCE, die einen 224%-igen Anstieg der t盲glichen digitalen Einnahmen w盲hrend der ersten 45 Tage der Zusammenarbeit (vom 22. Oktober bis 5. Dezember 2024) im Vergleich zum vorherigen 45-Tage-Zeitraum zeigt. Die Partnerschaft, die am 21. Oktober 2024 begann, hat das Ziel, die Online-Pr盲senz und das Umsatzwachstum von DBG durch die digitalen Marketingdienstleistungen von VAYNERCOMMERCE zu verbessern. VAYNERCOMMERCE, gegr眉ndet von Gary Vaynerchuk (GARYVEE), ist eine Full-Service-Agentur f眉r digitales Wachstum, die sich darauf konzentriert, digitalen Unternehmen beim Skalieren ihrer Gesch盲fte zu helfen.
- 224% increase in daily digital revenues over 45-day period
- Strategic partnership with established digital marketing agency VAYNERCOMMERCE
- None.
Insights
A 224% increase in daily digital revenue over 45 days marks a significant turnaround for DBGI's digital marketing efforts. VAYNERCOMMERCE's involvement brings sophisticated performance marketing capabilities and Gary Vaynerchuk's proven track record in digital growth. The partnership addresses a critical need for DBGI's e-commerce optimization and could substantially impact their direct-to-consumer sales channel.
However, investors should note that the comparison period is relatively short at 45 days and seasonal factors during the holiday shopping period may have contributed to the growth. The true test will be sustaining this momentum beyond the initial implementation phase and converting it into meaningful bottom-line improvements for DBGI, particularly given their micro-cap status and need for sustainable growth metrics.
For a company with a market cap under
The key metrics to monitor going forward will be whether this revenue growth translates into improved margins and positive cash flow, as marketing expenses associated with VAYNERCOMMERCE's services will need to be factored against the revenue gains. The holiday season timing may have amplified results, making year-over-year comparisons more relevant for assessing true performance improvements.
Austin, TX, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (鈥淒BG鈥�) (NASDAQ: DBGI), a curated collection of luxury lifestyle brands, today announces the first 45 day results since it entered into a marketing partnership on October 21, 2024, with VAYNERCOMMERCE, . VAYNERCOMMERCE is a full service digital growth agency created by Gary Vaynerchuk, also known as GARYVEE. VAYNERCOMMERCE鈥檚 services aim to help digital companies scale their online presence and revenues.
This partnership has already led to a
鈥淲e made the decision to outsource digital marketing services to VAYNERCOMMERCE based on their reputation in the industry. We felt that we could benefit from an outside performance driven marketing solution team that can focus its efforts on improving our marketing campaigns. We have just begun this journey with them and are already experiencing an increase in our results,鈥� said Hil Davis, Chief Executive Officer of Digital Brands Group.
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 鈥渨ill,鈥� 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渟hould,鈥� and 鈥渕ay鈥� 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鈥檚 plans, objectives, projections and expectations relating to DBG鈥檚 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鈥檚 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鈥檚 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鈥檚 ability to implement its business strategy; DBG鈥檚 ability to grow its wholesale and direct-to-consumer businesses; retail industry changes and challenges; DBG鈥檚 and its vendors鈥� ability to maintain the strength and security of information technology systems; the risk that DBG鈥檚 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鈥檚 ability to properly collect, use, manage and secure consumer and employee data; stability of DBG鈥檚 manufacturing facilities and foreign suppliers; continued use by DBG鈥檚 suppliers of ethical business practices; DBG鈥檚 ability to accurately forecast demand for products; continuity of members of DBG鈥檚 management; DBG鈥檚 ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; DBG鈥檚 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鈥檚 financial results is included from time to time in DBG鈥檚 public reports filed with the SEC, including DBG鈥檚 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. 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.
Digital Brands Group, Inc. Company Contact
Hil Davis, CEO
贰尘补颈濒:听
Phone: (800) 593-1047
SOURCE Digital Brands Group, Inc.
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FAQ
What was DBGI's revenue increase after partnering with VAYNERCOMMERCE?
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