MySizeID Expands Presence in France by Partnering with Leading French Fashion Platform Lacaserne

Rhea-AI Summary

MySize (NASDAQ: MYSZ) has expanded its footprint in France by partnering with La Caserne, a prominent incubator for responsible fashion. This collaboration grants over 25 brands access to MySize’s smartphone measurement technology, which aims to enhance sizing accuracy and reduce return rates by up to 50%. As a result, the initiative is expected to significantly lower carbon emissions from returns. The solution will be integrated into websites like DA/DA and Salut Beauté, enhancing the shopping experience and operational efficiency.

Positive

• Partnership with La Caserne enhances MySize's market presence in France.
• Access for 25+ brands to MySize's technology may lead to increased adoption.
• Proven ability to reduce return rates by 50% and increase average order value by 30%, improving profitability.
• Alignment with sustainable fashion initiatives could enhance brand reputation.

Negative

• None.

AIRPORT CITY, Israel, June 14, 2021 /PRNewswire/ -- MySize Inc (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE: MYSZ), the developer and creator of smartphone measurement solutions, today announced an expansion of its presence in the French market by partnering with La Caserne, the first incubator dedicated to responsible fashion in France. The La Caserne incubator's 25+ brands will all gain access to MySize's measurement technology, ensuring highly accurate sizing every time. Leading French brand Diane Ducasse, creator of DA/DA has already signed on along with Salut Beauté, while advanced discussions are taking place with several others.

 

 

La Caserne lists ethical, sustainable fashion as one of the most important priorities of their brands, and MySize's solution is a natural fit to help them reduce their carbon footprints and make a positive impact on the planet. Because MySize's solution reduces return rates, this helps cut down on the some 15 million tons of carbon emissions stemming from trucks making reverse logistics journeys back to warehouses, as well as preventing returned products from being sent to landfills.

Users of the MySize app, which leverages sensors already built into customers' smartphones, can instantly obtain accurate clothing sizes in any brand's apparel via their patented algorithm, a unique approach that safeguards user privacy. While browsing apparel online, customers can find out exactly which size of an item is the ideal fit for them, from the comfort of their homes. The solution has been proven to reduce returns by as much as 50%, and increase average order value by as much as 30%. MySize is a trusted partner of leading brands including Levi's, Speedo, and Boyish Jeans, as well as e-commerce platforms including Shopify, WooCommerce, Bitrix, LightSpeed and more.

MySize's solution will be live on the  DA/DA's and Salut Beauté websites this week, helping online shoppers navigate the French designer's newest collection and guiding customers throughout their journey. On La Caserne's site, partners of the sustainable incubator will be able to leverage MySize's widget on their mini-sites for both enhanced customer experience and market optimization and operational monitoring.

"We are thrilled to partner with La Caserne, who are providing an extraordinary introduction to the French market and leading brands such as DA/DA. It's especially important to us that we are working with brands who share our deep commitment to sustainable fashion and greener business practices," said Ronen Luzon, CEO and Founder of MySize. "Once some of France's leading fashion retailers are able to offer a superior customer experience and reduce returns we believe there will be no going back. We're excited to be part of this change and expect even more expansion in the market over the coming weeks and months."

About MySize Inc:

My Size, Inc.NASDAQ: MYSZ) (TASE: MYSZ) has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries. This proprietary measurement technology is driven by several algorithms that are able to calculate and record measurements in a variety of novel ways. To learn more about My Size, please visit our website: www.mysizeid.com. We routinely post information that may be important to investors in the Investor Relations section of our website. Follow us on Facebook, LinkedIn, Instagram, and Twitter.

Please click here for a demonstration of how MySizeID provides a full sizing solution for the retail industry.

Register here for a free plan of MySizeID solution for your online store.

 Please click here to download MySizeID for iOS.

Please click here to download MySizeID for Android.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

U.S. Press Contact:
Strauss Communications
joel@strausscomms.com 
www.strausscomms.com

IR Contact:
Or Kles, CFO
ir@mysizeid.com

View original content:http://www.prnewswire.com/news-releases/mysizeid-expands-presence-in-france-by-partnering-with-leading-french-fashion-platform-lacaserne-301311570.html

SOURCE My Size Inc.

FAQ

What is MySize's latest news regarding its expansion in France?

MySize has partnered with La Caserne to introduce its measurement technology to over 25 fashion brands in France, enhancing sizing accuracy and reducing returns.

How does MySize's technology impact sustainable fashion?

MySize's technology reduces return rates, potentially cutting down 15 million tons of carbon emissions associated with reverse logistics.

What brands are involved in MySize's partnership with La Caserne?

Diane Ducasse's brand DA/DA and Salut Beauté are among the first to utilize MySize's technology through this partnership.

What financial benefits can MySize expect from this new partnership?

The partnership may lead to reduced return rates and increased average order values, positively impacting profitability.

When will MySize's solution be available on partner websites?

MySize's technology will be live on the DA/DA and Salut Beauté websites this week.