My Size, Inc - MYSZ STOCK NEWS

MySize, Inc. (NASDAQ: MYSZ) has launched an application that offers direct-to-retailer sizing solutions for online shoppers. This innovative tool allows users to obtain accurate clothing sizes for over 120 retailers, addressing the high return rates in e-commerce, which can reach 40%. By using smartphone sensors, the app enhances the shopping experience, aiming to reduce incorrect size orders. CEO Ronen Luzon emphasizes that this advancement is crucial for improving customer journeys and presents a potential model for future retail operations.

My Size, Inc. (NASDAQ: MYSZ) announced a business update for Q4 2020, highlighting growth in key metrics. The company completed two direct offerings totaling $5.3 million and reported 12 million size recommendations delivered via MySizeID. Their expansion into the uniform and workwear sector includes a partnership with UniformMarket, tapping into a market projected to reach $42.1 billion by 2025. Additionally, they launched a footwear measurement solution aimed at a $20.9 billion market, focusing on sustainability by reducing shipping needs.

MySize, Inc. (NASDAQ: MYSZ) has announced the full integration of its e-commerce shoe sizing solution into retail websites. This feature enhances the online shopping experience and aims to minimize returns, which can reach 40% in footwear sales. With the e-commerce footwear market projected at $21.4 billion in 2021, the integration is timely as it boosts confidence and reduces return costs. The solution is compatible with major e-commerce platforms and has shown to reduce returns by up to 50% and increase order values by 30%, greatly benefiting retailers.

My Size, Inc. (NASDAQ: MYSZ) has completed a public offering generating approximately $3.3 million in gross proceeds. This equates to 2,618,532 shares at $1.26 per share. The funds will primarily be used for working capital and general corporate purposes. Additionally, underwriters have a 45-day option to purchase an extra 15% of the offered shares, potentially raising total proceeds to around $3.8 million. The offering was made under an effective shelf registration statement.

Aegis Capital Corp. acted as the Sole Bookrunner for a $3.3 million Follow-On Offering for My Size, Inc. (NASDAQ:MYSZ). This offering aims to enhance My Size's financial position as it develops mobile device measurement solutions across various sectors, including e-commerce and DIY industries. Founded in 2014 by Ronen Luzon, My Size focuses on addressing measurement challenges in the fashion and shipping markets. The offering signifies potential growth opportunities, though its impact on immediate stock performance remains to be seen.

My Size, Inc. (NASDAQ: MYSZ) announced a public offering of approximately 2,618,532 shares at $1.26 each, expected to raise around $3.3 million before fees. The funds will support working capital and general purposes. The underwriters have a 45-day option to purchase an additional 15% of shares, potentially increasing gross proceeds to $3.8 million. The offering is set to close around March 25, 2021, pending customary conditions. Aegis Capital Corp. is the bookrunner for this transaction.

MySize, Inc. (NASDAQ: MYSZ) announced the launch of its MySizeID app in collaboration with Evropeyskiy Mall, Europe's most popular shopping center, on March 22, 2021. This innovative app aims to enhance in-person shopping for approximately 600,000 daily visitors by providing accurate clothing sizes using smartphone sensors. Customers can enjoy a seamless shopping experience, from browsing to checkout, without the need for cashiers. This hybrid omnichannel approach aims to improve consumer convenience and potentially boost retail sales at the mall, reinforcing MySize's position in the measurement solutions market.

MySize, Inc. (NASDAQ: MYSZ) announces the upcoming launch of its MySizeID app at Evropeyskiy Mall, the largest shopping center in Russia, which attracts approximately 600,000 daily visitors. This innovative app allows users to obtain accurate clothing sizes using their smartphones, enhancing the in-person shopping experience with cashier-free purchase options. The collaboration aims to merge online convenience with traditional retail benefits, positioning MySize as a leader in e-commerce measurement solutions.

AIRPORT CITY, Israel, March 18, 2021 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) provided a stockholder update for 2021, emphasizing its strategy to enhance the e-commerce shopping experience. The company plans to expand its product offerings, including a 3D try-on avatar feature set to launch in Q4 2021. MySizeID is gaining traction among apparel retailers and the uniform market, driven by ease of use and accuracy. The firm also highlighted increased M&A activity in the industry, suggesting validation of its technology's role in optimizing retail.