Digital brands group signs letter of intent to open first retail store in march

Dbg forecasts the store to generate over $1.5 million in annual revenue and $500,000 in annual cash flow 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.
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