NEW YORK, NY and LOS ANGELES, CA and LONDON, UNITED
KINGDOM--(NewMediaWire - Mar 19, 2015) - Digital Brand Media
& Marketing Group, Inc. (OTC
PINK: DBMM) filed its Q1 results for fiscal year 2015
summarizing its strategy of aggressive organic growth. When
compared quarter to quarter, sales increased by 44%, and Operating
Net Loss decreased by 46%. These are positive metrics which the
Company expects to grow throughout the fiscal year as the
aggressive business development activities are executed. Another
revenue stream recently targeted is the luxury retail market to
leverage growth by prioritizing a mobile strategy in the digital
landscape, while integrating traditional platforms.
Reggie James, Co-Chief Operating Officer and Senior
Vice-President Marketing & Communications commented on industry
news: "The recent demise of Jones New York provided an excellent
example of a luxury brand and retail presence who came late to the
digital party being forced to address the connected mobile world or
risk becoming irrelevant and left behind. Short of closing down
like Jones, firms that can't move at the pace of digital disruption
risk losing their competitive advantage."
James provided background which is a significant aspect of
DBMM/Digital Clarity's strategy in this industry sector: "The
retail shopping sector is evolving rapidly from a staid environment
of mainly store fronts which served it well for decades. People are
now using smart devices to shop in increments, moving comfortably
from one digital destination to the next to check prices and
attributes about brands and products and services. Content is king,
its consumption has extended behavior into 3 areas: how people
engage in social interaction, how they buy, both online and
offline. Smartphone users now interact with their phones 150 times
per day, every six minutes. 79% of the 18-44 year olds have their
smartphones with them 22 hours per day, with the vast majority
checking their phone within 15 minutes of waking up and spend 177
minutes daily on mobile/smartphones.
"When consumers shop online, the average time between adding a
product to their cart and checking out has grown 38% over the last
5 years, from 2 hours to 2.6 hours. The buying process is now more
complex with significant new influences on the ultimate decision as
customers seek advice from their social networks, i.e. Facebook,
Twitter, YouTube, Pinterest, Instagram, Google+, third party
providers and on-site customer reviews. Instagram as a visual
platform demonstrates interaction rates 26 times that found on
Facebook. DBMM/Digital Clarity integrates the new shopping
environment into its Search capability in order to provide its
(prospective, as well as existing) clients with differentiating
information so the transaction can be completed to increase the
client's ROI. Digital Clarity delivers on its promise of 'ROI is
our DNA.'"
James added: " Successful retailers will become media platforms
to maximize in-store and on-line experiences and transform to
omnichannel retailers. Digital Clarity drills down each client's
analytics to design the experience and the destination, while
measuring the value. Though the luxury retail sector is unique in
its own right, the applications and methodologies we used in other
vertical sectors can be applied to the luxury sector as it has
reached a turning point which can't be ignored. As a result of
relationship building over the past year, several retail heritage
brands Boards of Directors are in discussion with DBMM/Digital
Clarity to best position and steer their companies through the
complex digital landscape. These are turnaround situations of
well-known brands who are now focusing on a total retail
experience, integrating bricks & mortar and the mobile digital
market whose senior managements have/or will engage Digital Clarity
on a fee for consulting service basis, with an added revenue share
increment. DBMM/Digital Clarity has developed a business
transformation practice which helps its clients create ecosystems
of value for their customers."
James concluded, "As highlighted in the 10-K and 10-Q, digital
marketing and brand enhancement incorporates Search, Design, Social
Media and Analytics, and remains the #1 driver for companies to
achieve growth over the next 5 years. The shift to mobile has now
accentuated the focus and, moreover, put DBMM/Digital Clarity at
the forefront of each Company's expansion strategy."
The organic growth puts DBMM/Digital Clarity in a strong
position to execute continued aggressive business development while
positioning its capital raise and acquisition plans.
About Digital Brand Media & Marketing Group, Inc.
(DBMM):
DBMM Group crafts, designs and executes digital marketing
strategies across multiple ad platforms and social media networks
for a broad array of clients to help each of them establish a
uniform brand identity across the digital universe. The product
offering is a unique value proposition of intelligent analytics
provided by an experienced digital marketing and technology
team.
Safe Harbor Provisions:
The foregoing contains certain predictive statements that relate to
future events or future business and financial performance. Such
statements can only be predictions, and the actual events or
results may differ from those discussed due to, among other things,
those risks described in DBMM's reports filed with the SEC.
Opinions expressed herein are subject to change without notice.
This document is published solely for information purposes, and is
not to be construed as an offer to sell or the solicitation of an
offer to buy any securities in any state. Past performance does not
guarantee future performance. Additional information is available
upon request.