US-based Digital Brands Group, Inc. (DBGI), a curated collection of luxury lifestyle, digital-first brands, has announced that e-commerce revenue growth increased a record-setting 776 per cent year-over-year for the months of January and February. Its wholesale channel recorded over 200 per cent increase year-over year in the same period.
Hil Davis, chief executive officer of Digital Brands Group, stated: "This e-commerce result is well above our plan, and illustrates the power of our portfolio model. We continue to experience accelerating e-commerce growth as our customer acquisition channels become more targeted with higher conversion rates and higher average spend.
"We are experiencing incredible leverage and results as we cross merchandise our current brands to the customer lists of the newly acquired brands, and vice versa. We believe that as we add more acquisitions into our portfolio these results should only accelerate, which will drive shareholder value in the short and long term."
US-based Digital Brands Group, Inc. (DBGI), a curated collection of luxury lifestyle, digital-first brands, has announced that e-commerce revenue growth increased a record-setting 776 per cent year-over-year for the months of January and February. Its wholesale channel recorded over 200 per cent increase year-over year in the same period.#
DBGI offers a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis.
Fibre2Fashion News Desk (KD)
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