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) is an AI-powered fashion technology and retail solutions company whose news flow reflects its focus on sizing intelligence, circular fashion, and data-driven retail. This page aggregates press releases, market updates, and other coverage related to MySize’s operations, strategy, and financial reporting.
Readers can expect news about AI-driven sizing platforms such as MySizeID and Naiz Fit, developments in footwear fit-tech through ShoeSize.Me, and updates on the company’s fashion and equipment e-commerce business Orgad. Coverage also includes announcements about Percentil, MySize’s European resale platform that operates in Spain, Italy, Germany, and France and is positioned within Europe’s circular fashion economy.
MySize’s communications frequently highlight its global expansion, including activity across Europe, Latin America, the United States, and the Asia-Pacific region. News items may discuss strategic focus on regions such as APAC, relationships with brands and retailers, participation in industry conferences, and the evolution of its AI roll-up strategy in retail and fashion.
Investors and industry observers will also find financial results and SEC-related disclosures referenced in company press releases, including quarterly performance updates and CEO letters to shareholders that describe platform integration, revenue trends, and strategic priorities. Product and technology news, such as the launch of NaizGPT, a conversational AI assistant for retail teams, and enhancements to overstock management and data intelligence capabilities, are also part of the regular news flow.
By following this news page, users can review a historical record of MySize’s announcements on AI-powered fashion technology, resale and circular fashion initiatives, acquisitions, and corporate governance events tied to the MYSZ ticker.
MySize, Inc. (NASDAQ: MYSZ) announced its AI-driven measurement solution will be used by Threads, a leading uniform manufacturer in the UAE. Established in 2010, Threads services over 200,000 students across 90 schools. MySize's technology aims to enhance customer experience by providing accurate size recommendations, potentially reducing return rates for Threads, which has faced issues with traditional sizing methods. This integration signifies a strategic partnership that may boost operational efficiency and customer satisfaction.
MySize, Inc. (NASDAQ: MYSZ) announces an Innovation Partnership with GK Software to enhance retail solutions. This collaboration integrates MySize's AI-driven measurement technology into GK Software’s CLOUD4RETAIL platform, aiming to improve customer experience by helping consumers find the perfect fit. GK Software boasts over 346k installations across 65 countries, indicating strong international market presence. The partnership is designed to boost consumer engagement, reduce item returns, and ultimately drive revenue growth for retailers.
My Size, Inc. (NASDAQ: MYSZ) has entered into definitive purchase agreements for the issuance of 2,514,800 shares of its common stock at $1.352 per share, alongside a private placement of 3,772,208 unregistered shares at the same price. The aggregate gross proceeds from both offerings are expected to be approximately $8.5 million, with the offerings closing around October 29, 2021. Additionally, unregistered warrants to purchase 4,715,256 shares will be issued, exercisable at $1.26 per share. The net proceeds will be utilized for general corporate purposes. H.C. Wainwright & Co. is the exclusive placement agent.
MySize, Inc. (NASDAQ: MYSZ) has secured a contract with Dockers Turkey, following a successful integration of its AI-driven sizing technology with Levi Strauss & Co. Turkey. The results showed a significant reduction in return rates by up to 47%, enhancing cost efficiency in logistics. This partnership is expected to facilitate MySize's expansion within the Levi Strauss brand family, positioning the company for accelerated revenue growth. Duygu Durak of Dockers highlighted the strong ROI from MySize's solutions, emphasizing improved customer experience and sustainability.
My Size, Inc. (NASDAQ: MYSZ) has filed a lawsuit in the U.S. District Court for the Southern District of New York against an activist group led by David Lazar, seeking to stop them from misleading shareholders and engaging in an illegal proxy contest. The lawsuit alleges that the group has made false regulatory filings and seeks to take control of the Board. CEO Ronen Luzon emphasized the necessity of legal action to protect shareholder interests and highlighted recent additions to the Board and IP consolidation as steps to strengthen market position.
MySize, Inc. (NASDAQ: MYSZ) announced the integration of its MySizeID solution with Wix eCommerce platforms, allowing retailers to enhance size selection and reduce return costs. This integration also supports platforms like Shopify and WooCommerce, benefiting major brands such as Levi's and Speedo. An internal report indicated that implementing MySize technology increased average order value by 15% and boosted conversion rates by up to 2.75 times. New Wix customers will receive three months of expert support to optimize their MySizeID.
MySize, Inc. (NASDAQ: MYSZ) has introduced a virtual coins feature for its MySizeID widget designed for e-commerce platforms. This feature rewards registered users with redeemable virtual coins for sustainable purchases, which helps reduce return rates and supports eco-friendly shopping.
With significant textile waste issues, the program encourages accurate sizing and enhances customer experience, potentially increasing average order value by up to 30%. Major brands like Levi's and Speedo are already partners in this sustainability initiative.
MySize, Inc. (NASDAQ: MYSZ) announces its new Sizing Trends feature aimed at eCommerce retailers. This tool offers insights into customer sizing trends based on anonymized data from over 100 million measurements. The feature helps retailers optimize size charts to enhance customer fit, potentially reducing returns—which account for 70% of online apparel returns—by up to 50%. MySizeID has partnered with leading brands and platforms, demonstrating a capability to boost average order values by 30%.
MySize, Inc. (NASDAQ: MYSZ) provided a business update for Q2 2021, highlighting key achievements and developments. The company secured its IP portfolio following an asset waiver, leading to improved onboarding processes. Notable successes include a 2.75x increase in conversion rates and a near 15% rise in average order value for brands using MySize solutions. Major brands, such as Levi's and Speedo, reported significant reductions in return rates and increases in average order values. Guy Zimmerman has joined the Board of Directors, enhancing the company's leadership in technology-driven retail solutions.
MySize Inc. (NASDAQ: MYSZ) announced key findings from its Business Intelligence Report for the first half of 2021. The report reveals that retailers using MySize's solutions experienced a 2.75x increase in conversion rates and a 15% rise in average order value (AOV) when the technology was applied to over 40% of their product listings. MySize's technology successfully reduces returns by up to 50%, enhancing consumer confidence and boosting overall sales performance for eCommerce platforms.