Welcome to our dedicated page for My Size news (Ticker: MYSZ), a resource for investors and traders seeking the latest updates and insights on My Size stock.
My Size, Inc. (Nasdaq: MYSZ, TASE: MYSZ) is a cutting-edge technology company headquartered in the USA that has revolutionized measurement technology through sophisticated algorithms. This innovation finds applications across various industries, including apparel e-commerce and DIY projects on smartphones and tablets. Founded to simplify online clothing shopping by reducing the rate of returns due to incorrect sizing, My Size's patented algorithms accurately calculate and record measurements, enabling consumers to find the perfect fit without trying on clothes.
My Size's flagship products, MySizeID and Naiz Fit, offer AI-driven solutions that cater to both online and in-store shoppers. The company has also expanded its portfolio with the FirstLook Smart Mirror, an interactive touch display designed to enhance the in-store shopping experience and facilitate contactless checkouts.
With successful partnerships and collaborations, My Size supports well-known brands like Levi's, Speedo, Dockers, and Perry Ellis, contributing to over 5 million users and 18 million purchases globally. The company boasts a significant reduction in size-related returns, up to 65%, a testament to the efficacy of their solutions.
My Size's recent achievements include the acquisition of Naiz Fit, leading to multiple revenue streams and significant growth. The company reported impressive financial results, with revenues nearly doubling in 2022 to $4.46 million and anticipated to reach approximately $8 million for 2023. Their SaaS solutions for the fashion industry recently won the 'Agile Customer Journey' innovation award at the Paris Retail Week 2023, further cementing their influence in the retail sector.
My Size continues to innovate with new products like Naiz Fit Workforce, targeting the $33 billion workwear market, and integrating Generative AI for enhanced personalization and virtual try-ons. Their commitment to innovation and efficiency positions them as a leader in the fashion-tech industry.
For more information, visit their official website: www.mysizeid.com. Follow them on Facebook, LinkedIn, Instagram, and Twitter.
My Size, Inc. (NASDAQ: MYSZ) has unveiled a new Made-to-Measure (M2M) feature for its MySizeID technology, allowing retailers to collect customers' body measurements for custom clothing. This innovative tool aims to improve customer experience and reduce costs for retailers by enabling more precise sizing. CEO Ronen Luzon emphasized the shift towards made-to-measure fashion as sustainable and ethical. Currently, the M2M feature is in pilot testing with several retailers, receiving positive feedback. The company continues to innovate in the smartphone measurement solutions sector.
My Size, Inc. (NASDAQ: MYSZ) announced the integration of its MySizeID widget into Tricorp's e-commerce platform, aimed at enhancing conversion rates and minimizing product returns. This partnership, driven by the need for contactless measurement solutions during the COVID-19 pandemic, allows customers to self-measure for workwear, reducing the need for physical fittings. The global workwear market is valued at approximately $30 billion, presenting significant opportunities for MySizeID in improving retailer revenues and promoting sustainability by decreasing returns and shipping.
My Size, Inc. (NASDAQ: MYSZ) announced its participation at the Retail Hub 2020, taking place in Moscow from September 16-18. The company will showcase its innovative measurement technology, specifically the MySizeID solution, designed to enhance the shopping experience by providing size recommendations based on users' body measurements. Additionally, the BoxSize application will be demonstrated, aimed at improving package measurement efficiency for courier services. This exhibition highlights My Size's commitment to advancing retail technology.
My Size, Inc. (NASDAQ: MYSZ) will present at the H.C. Wainwright Annual Global Investment Conference from September 14-16, 2020. The presentation is scheduled for September 16 at 9:00 a.m. Eastern Time, featuring CEO Ronen Luzon and CFO Or Kleson. This virtual event will be accessible via a live webcast. My Size specializes in smartphone measurement applications for various industries, utilizing proprietary measurement technology powered by advanced algorithms. For more details, visit their website.
My Size, Inc. (NASDAQ:MYSZ), a developer of smartphone measurement applications, will present at The LD 500 Investor Conference from September 1-4, 2020. CEO Ronen Luzon and CFO Or Kles are set to speak on September 2 at 9:20 AM ET, with the presentation available via live webcast. The conference will showcase key players in the small and micro-cap sector. Attendees can schedule one-on-one meetings by registering online or emailing the contact provided. My Size specializes in innovative measurement technology for various industries, including e-commerce and retail.
My Size, Inc. (NASDAQ: MYSZ) has launched its MySizeID widget in partnership with NOCTURNE, a European women's apparel brand. This integration allows NOCTURNE's customers to easily measure their sizes using their smartphones, enabling an improved online shopping experience. The MySizeID app aims to reduce product returns caused by incorrect sizing, thus enhancing customer satisfaction and increasing revenue for NOCTURNE. CEO Ronen Luzon highlighted the potential to reduce cart abandonment and foster brand loyalty through their innovative technology.
My Size, Inc. (NASDAQ: MYSZ) provided a business update for Q2 2020, revealing over 2.3 million size recommendations in July. Highlights include a reported increase in online sales for customers using MySizeID, with Penti noting a threefold boost in sales and a 50% reduction in returns. The company opened a subsidiary in Moscow and expanded its presence in France with new hires. Additionally, My Size received a Notice of Allowance for a U.S. patent related to its measurement technology, contributing to its growing intellectual property portfolio. The Company expects to generate 2.5 million recommendations in August and aims for 20 million in total for 2020.
My Size, Inc. (NASDAQ: MYSZ) announced that CEO Ronen Luzon will appear on Cheddar INNOVATES at 11:00 AM ET today. He will discuss how COVID-19 has impacted U.S. retailers and the importance of adopting digital strategies for ongoing success. MySizeID offers a smartphone-based sizing solution aimed at enhancing customer experience and reducing costs for retailers. This technology utilizes personal measurements without a camera, positioning it as a valuable tool during and beyond the pandemic.
My Size, Inc. (NASDAQ: MYSZ) partnered with global apparel brand Penti, reporting that customers using MySizeID had apparel sales three times higher than non-users during March to May 2020. Returns for these customers decreased by approximately 50%. Following the success in lingerie and swimwear, MySizeID has been expanded to Penti's sleepwear line. CEO Ronen Luzon noted that nearly 8% of Penti's customers utilized MySizeID, indicating significant growth opportunities among the estimated four million monthly shoppers on Penti's platform.
My Size, Inc. (NASDAQ: MYSZ) announced the opening of a new subsidiary in Moscow, Russia, targeting growing demand for its innovative measurement solutions. The subsidiary aims to enhance the company's presence in Russia and CIS markets, bolstered by the hiring of a senior sales executive, Yossi Milstein. The CEO noted significant e-commerce growth in the region, citing that 71% of Russian consumers shop online monthly. MySizeID and BoxSize solutions aim to improve operational efficiency for retailers and logistics companies, capitalizing on this trend.
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