Digital Brands Group, Inc. announced that it plans to open 50 retail stores over the next several years, which will be funded by its internal free cash flow. DBG has been reviewing store locations and leases with several large-scale retail developers. DBG believes retail stores will drive significant brand awareness, lower cost customer acquisition and higher average basket size and customer retention.

Based on the store metrics in these developments, DBG forecasts the stores to generate over $1.5 million annually per store with positive store level cash flow. Based on the 50 store openings, DBG forecasts the fleet of stores should generate over $75 million annually in revenues and meaningful store level cash flow.