February 21, 2024


Future Depends on What You Do

Short article in Present day Retail “Most-Clicked Tales” by National Retail Federation

  • MySizeID executed on Levi’s ecommerce suppliers in the U.S. and 6 European countries
  • Reduced womenswear returns by 47% and menswear by 44% for Levi’s

AIRPORT Metropolis, Israel, Dec. 15, 2022 /PRNewswire/ —  MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) (“MySize” or the “Business”), an omnichannel e-commerce platform and supplier of AI-driven measurement options to travel profits progress and cut down expenditures for its company clientele, today introduced that an report printed in Present day Retail, a main sector trade publication, titled “Levi’s adds additional sizing features to its website in DTC sales press” was ranked a person of the “most-clicked stories” in the National Retail Federation’s newsletter on December 14, 2022.

According to the post, manufacturers like Levi’s and Nike, which are making their immediate-to-shopper (DTC) company, are investing more in digital sizing options to address the costs of processing returns.

The short article states:
In response, Levi’s invested in a predictive algorithm termed “What is My Sizing,” where purchasers enter their excess weight, peak and gender and are supplied a dimensions prediction. “The algorithm will advocate the greatest dimension to find centered on the know-how of the Levi’s sizing charts as well as the comprehension of the consumers’ system measurements,” claimed Lasisz. [Lara Lasisz, direct-to-consumer innovation lead at Levi Strauss & Co]

A Levi Strauss & Co. blog site put up cites roughly 40% of all on the internet product sales returns stem from dimensions and suit challenges, and that one of Levi’s important innovation priorities is finding the right technologies to aid people uncover the best fit. The post describes the MySizeID function on Levi’s ecommerce websites.  

“The apparel retail marketplace is at a tipping place in addressing the pressing have to have to undertake technologies that assist customers attain the positive aspects of a physical dressing area working experience when purchasing on line,” stated MySize CEO and Founder, Ronen Luzon. “Deciding the appropriate dimension and healthy is a obstacle for on the net apparel vendors and brand names searching to increase their DTC profits. MySizeID directly addresses this challenge, delivering a better knowledge for  buyers even though helping stores and models enhance their economics and client satisfaction levels.”

MySize’s sizing methods, MySizeID and Naiz In good shape, are computer software-as-a-serve (SaaS) merchandise provided to manner models and shops around the globe.

About MySize Inc.
MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) is an omnichannel e-commerce platform and service provider of AI-driven measurement solutions together with MySizeID and not too long ago acquired Naiz In good shape to drive earnings development and minimize expenses for its business enterprise shoppers. Orgad, its on the web retailer system, has knowledge in e-commerce, provide chain, and technology operating as a third-social gathering vendor on Amazon.com and other web sites. MySize not too long ago launched FirstLook Wise Mirror, a mirror-like touch display that provides in-keep buyers an increased shopping working experience and contactless checkout. FirstLook Wise Mirror extends MySize’s arrive at into actual physical retailers and is anticipated to lead to revenues via device income and recurring provider fees.

MySize has formulated a one of a kind measurement technologies dependent on refined algorithms and cutting-edge technological know-how with wide programs, such as the attire, e-commerce, Diy, delivery, and parcel shipping and delivery industries. This proprietary measurement know-how is driven by numerous algorithms that are capable to work out and record measurements in a wide range of novel means. To master additional about MySize, remember to visit our web-site: www.mysizeid.com.

We routinely put up details that may well be critical to investors in the Trader Relations section of our website. Stick to us on FacebookLinkedInInstagram, and Twitter.

You should click here for a demonstration of how MySizeID provides a total sizing remedy for the retail industry.

Register listed here for the MySizeID answer for your on line retailer and in this article for the Naiz Fiz remedy.

To discover a lot more about MySize and for extra info, make sure you take a look at: our site: www.mysizeid.com.

Ahead-on the lookout Statements
This push launch has specific ahead-looking statements inside of the meaning of the risk-free harbor provisions of the Personal Securities Litigation Reform Act of 1995, like statements related to the acquisition, envisioned revenues, and the envisioned closing of the acquisition. These statements are identified by the use of the words “could,” “consider,” “foresee,” “intend,” “estimate,” “assume,” “could,” “go on,” “forecast,” “likely,” “task” and equivalent expressions that are intended to detect ahead-searching statements. All ahead-wanting statements talk only as of the day of this push release. You need to not location undue reliance on these ahead-looking statements. Whilst we consider that our plans, objectives, anticipations and intentions mirrored in or advised by the ahead-wanting statements are reasonable, we can give no assurance that these strategies, goals, anticipations or intentions will be accomplished. Forward-looking statements contain major risks and uncertainties (some of which are over and above our regulate) and assumptions that could result in genuine benefits to differ materially from historical working experience and existing anticipations or projections. Real success may vary materially from those in the ahead-hunting statements and the investing value for our frequent stock may fluctuate drastically. Ahead-seeking statements also are influenced by the danger elements described in the Firm’s filings with the U.S. Securities and Exchange Fee. Besides as demanded by regulation, we undertake no obligation to update or revise publicly any ahead-hunting statements, whether or not as a final result of new facts, long run functions or usually, just after the day on which the statements are created or to mirror the prevalence of unanticipated gatherings.

Investor Contacts:
Or Kles, CFO
[email protected]

Logo – https://mma.prnewswire.com/media/689689/MySize_Symbol.jpg

Resource My Dimensions Inc.