Innovative SaaS solutions for the fashion industry solve
problems related to sizing and fit at several points along the
fashion value chain—from design to retail commerce
AIRPORT CITY, Israel, Oct. 3, 2023
/PRNewswire/ -- MySize, Inc. (Nasdaq: MYSZ)
(TASE: MYSZ.TA) ("MySize" or the "Company"), an
omnichannel e-commerce platform and provider of AI-driven
measurement solutions to drive revenue growth and reduce costs for
its business clients, today announced its Spain-based Naiz Fit received the "Agile
Customer Journey" innovation award at Paris Retail Week 2023, one
of the most significant events in the French retail sector attended
by 20,000 professionals.
The Paris Retail Awards celebrates the finest retail innovations
across eight distinct business categories. The competition's
primary objective is to recognize companies that provide effective
solutions to address the diverse challenges faced by players in the
retail and e-commerce sectors.
This prestigious event is a powerful springboard for the
winners, propelling them toward greater recognition and new
contracts.
Naiz Fit was recognized by the Paris Retail Awards for its suite
of SaaS solutions that help the fashion industry reduce
size-related returns. Smart Catalogue helps fashion designers
create patterns that optimize fit by extracting qualitative and
quantitative data on people with different body morphologies. Naiz
Fit helps increase conversion rates and reduce size-related returns
by addressing sizing challenges at the design stage. The Naiz Fit
e-commerce sizing solution, a customer-facing tool that helps
shoppers find the perfect fit at their favorite e-commerce stores,
has resulted in up to a 65% reduction in size-related returns
compared to shoppers who did not use the solution at the same
stores and for the same SKUs.
"Winning the Agile Customer Journey innovation award at Paris
Retail Week 2023 is a tremendous honor and highlights the value we
bring to customers around the world," stated Naiz Fit CEO and
Co-Founder Borja Cembrero. "Our Naiz
Fit team comes from the fashion industry, from pattern making to
design and tailoring through retail. We know exactly what data
brands need to provide their customers the best shopping
experience, and we are very pleased that major retailers who have
adopted our technology are reaping the benefits."
MySize and Naiz Fit sizing solutions are used by designers and
retailers globally, including brands such as Desigual, Moschino,
Levi's, Superdry, and Speedo. More than 5 million people have
purchased nearly 18 million items using the MySizeID and Naiz Fit
apparel sizing solutions, which are available in 13 languages on
e-commerce sites worldwide.
MySize CEO and Founder, Ronen
Luzon, added, "Our award-winning solutions are making a
bigger impact each day on the environment and commerce by reducing
size-related returns, improving business efficiencies, and
enhancing the customer's shopping experience. We are pleased to
receive this latest award that recognizes the value of our
technology for the fashion retail industry."
About the Paris Retail Awards
Each year, the Paris Retail Awards reward the best retail
innovations for each business issue - Omnichannel Commerce,
Marketing, Logistics, CSR, Marketplaces, New Payments, Agile
Customer Journey and Data.
The objective of this competition is to identify players who
offer effective solutions to meet the business challenges faced by
players in the retail and e-commerce sectors. For the winners, this
event is a real springboard towards notoriety, the signing of new
contracts or a potential fund raising.
About MySize Inc.
MySize, Inc. (Nasdaq: MYSZ) (TASE: MYSZ.TA) is an omnichannel
e-commerce platform and provider of AI-driven measurement
solutions, including MySizeID and recently acquired Naiz Fit to
drive revenue growth and reduce costs for its business clients.
Orgad, its online retailer platform, has expertise in e-commerce,
supply chain, and technology, operating as a third-party seller on
Amazon.com and other sites. MySize recently launched FirstLook
Smart Mirror, a mirror-like touch display that provides in-store
customers with an enhanced shopping experience and contactless
checkout. FirstLook Smart Mirror extends MySize's reach into
physical stores and is expected to contribute to revenues through
unit sales and recurring service fees.
MySize 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
MySize, 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 X (formerly Twitter).
Please click here for a demonstration of how MySizeID
provides a full sizing solution for the retail industry.
To learn more about MySize and for additional information,
please visit: our website: www.mysizeid.com.
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, including statements
related to the acquisition, expected revenues, and the expected
closing of the acquisition. 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 may 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.
Investor Contacts:
Or Kles, CFO
ir@mysizeid.com
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SOURCE My Size Inc.