MySizeID Solution Helps Levi's Go Green by reducing Return Rates

Rhea-AI Summary

MySize, Inc. (NASDAQ: MYSZ) announced the successful integration of its MySizeID widget with Levi Strauss & Co. Turkey, resulting in a 47% reduction in return rates. This partnership enhances the online shopping experience by providing accurate size recommendations, utilizing Levi's size charts and MySize's patented algorithms. The integration not only saves on logistics costs but also contributes to sustainability by reducing carbon emissions from returns. The ongoing collaboration aims for further improvements in customer satisfaction and operational efficiency.

Positive

• Integration with Levi's Turkey resulted in a 47% reduction in return rates.
• Enhances customer experience and engagement through accurate sizing.
• Contributes to sustainability by reducing carbon emissions from returns.
• Strengthens MySize's position with major retail brands adopting its solution.

Negative

• None.

AIRPORT CITY, Israel , May 25, 2021 /PRNewswire/ -- MySize, Inc (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE: MYSZ), the developer and creator of smartphone measurement solutions, today announced its successful integration of the MySizeID widget for Levi Strauss & Co. Turkey (Levi's Turkey), a subsidiary of Levi Strauss & Co. (NYSE: LEVI), which has reduced return rates for the world's global leader in jeans wear.

MySize's sizing solution utilizes Levi's size charts, product tables, GTIN, descriptions, and other relevant details, alongside MySize's patented algorithms, to provide online shoppers with a highly accurate size recommendation. The easy-to-use, plug-and-play widget is seamlessly integrated into Levi's site, enhancing customers' online shopping experience and boosting their engagement levels and confidence in the brand.

By empowering customers with their correct size, at various times during the pilot project MySize has helped Levi's reduce returns by up to 47%, saving the company on costly reverse logistics as well as strengthening Levi's commitment to sustainability. With ecommerce returns leading to massive carbon dioxide emissions from reverse logistics, MySize's return-stopping tech benefits the planet, as well as the bottom line.

"We started this project as a pilot last year and now the numbers are declining It's been a big success and that's why in March this year we entered into an ongoing agreement with MySize to continue to provide our customers with an easy, simple tool to generate their ideal fit," said Ersin Arslan, Managing Director of Levi's Turkey. "We've gotten to know our customers better, reduced the hassle, time and expense of merchandise returns and we've achieved all of it while becoming more sustainable. We're beyond excited to continue this partnership and see it expanding for an even bigger impact at Levi's in the near future."

"We are honored to partner with Levi's Turkey and provide them with a measurement solution that is a win for everyone - from the customers who gain a better experience, to the business costs, and even the environment," said Ronen Luzon, CEO of MySize. "The addition of Levi's Turkey to our roster of major retail brands fully adopting our solution demonstrates the pressing need for sizing solutions and the immense impact that MySize in particular provides."

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

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SOURCE My Size Inc.

FAQ

What is the impact of MySizeID on Levi's return rates?

MySizeID has helped Levi's Turkey reduce return rates by up to 47%.

How does MySizeID improve customer experience for Levi's?

MySizeID provides accurate size recommendations using Levi's size charts and advanced algorithms.

What are the sustainability benefits of MySizeID?

By reducing return rates, MySizeID lowers carbon emissions associated with reverse logistics.

When did MySize and Levi's Turkey start their partnership?

The partnership began with a pilot project last year and has now transitioned into an ongoing agreement.

What is the stock symbol for MySize?

The stock symbol for MySize is MYSZ on NASDAQ.