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.
Custodian Ventures, the largest stockholder of My Size, Inc. (MYSZ), has nominated four candidates for the Board of Directors, criticizing the current management for poor stock performance and governance. The company recently issued nearly 20% of its outstanding shares to its founder, raising concerns about fiduciary duty breaches. Custodian Ventures has demanded access to company documents to assess this transaction's legitimacy and given the company a deadline of July 6, 2021, to comply. They urge the board to avoid further dilutive share issuances and hold the 2021 Annual Meeting promptly.
MySize Inc (NASDAQ: MYSZ) announced a partnership with Delhivery, India's largest logistics company. This collaboration will implement MySize's AI-driven sizing solution, BoxSize, enhancing operational efficiency by optimizing resource use and reducing emissions. BoxSize features include parcel measurement, barcode scanning, and geolocation tagging, which aim to streamline logistics processes. CEO Ronen Luzon emphasized that this partnership empowers Delhivery employees to improve delivery efficiency, contributing to better resource allocation and environmental sustainability.
MySize Inc. (NASDAQ: MYSZ) is developing an AI-driven sizing solution for the secondhand clothing market. This unique platform aims to reduce return rates by helping online shoppers identify their correct size in pre-owned apparel. With the secondhand market projected to grow to $80 billion by 2029, this initiative addresses a significant demand. Currently, up to 40% of online apparel purchases are returned due to sizing issues, costing retailers billions. MySize leverages smartphone sensors and patented algorithms, positioning itself as a leader in enhancing the online shopping experience.
MySize (NASDAQ: MYSZ) has expanded its footprint in France by partnering with La Caserne, a prominent incubator for responsible fashion. This collaboration grants over 25 brands access to MySize’s smartphone measurement technology, which aims to enhance sizing accuracy and reduce return rates by up to 50%. As a result, the initiative is expected to significantly lower carbon emissions from returns. The solution will be integrated into websites like DA/DA and Salut Beauté, enhancing the shopping experience and operational efficiency.
MySize (NASDAQ: MYSZ) announced a strategic partnership with Bitrix, Russia's largest eStore platform, to integrate its AI-driven sizing solution. This collaboration aims to provide accurate footwear and apparel sizing, potentially reaching millions of online shoppers. With proven results in reducing returns by up to 50% and increasing order values by 30%, MySize is set to enhance the customer experience for Russian e-commerce retailers. The MySize app leverages smartphone sensors for precise size recommendations, addressing high return rates in the apparel industry.
Custodian Ventures, the largest stockholder of My Size (NASDAQ: MYSZ) with approximately 9.99% ownership, has issued an open letter urging stockholders to unite against the decline in stockholder value and hold the board accountable. This statement precedes the upcoming 2021 Annual Meeting of Stockholders, with the date to be announced. The letter emphasizes the importance of stockholder engagement in corporate governance.
On June 7, 2021, MySize (NASDAQ: MYSZ) announced its partnership with Trutex Schoolwear, a leading UK school uniform retailer. The integration of the MySizeID widget on Trutex's website aims to enhance the online shopping experience by providing accurate size recommendations using MySize's patented technology. By utilizing Trutex's detailed size charts and MySize's algorithms, the solution reportedly ensures proper sizing over 99% of the time, addressing common sizing issues faced by parents.
MySize, Inc. (NASDAQ: MYSZ) announced the successful integration of its MySizeID widget with Levi Strauss & Co. Turkey, resulting in a 47% reduction in return rates. This partnership enhances the online shopping experience by providing accurate size recommendations, utilizing Levi's size charts and MySize's patented algorithms. The integration not only saves on logistics costs but also contributes to sustainability by reducing carbon emissions from returns. The ongoing collaboration aims for further improvements in customer satisfaction and operational efficiency.
MySize, Inc. announced the approval of a patent for its handheld measurement solution by the European Patent Office, following a similar issuance in Japan. This approval is expected to enhance the adoption of MySizeID in Europe, allowing e-commerce shoppers to visualize clothing fits more interactively. The company now holds a total of twelve issued patents and six applications pending globally. MySizeID leverages smartphone sensors for accurate measurements, addressing challenges in online shopping like costly returns and enhancing customer engagement.
MySize, Inc. (NASDAQ: MYSZ) has launched a groundbreaking avatar solution for e-commerce that enhances online shopping by allowing customers to visualize how clothing fits in a gamified experience. This innovation combines MySize's precise sizing technology with an interactive avatar, reducing the high return rates associated with online apparel purchases, which are estimated at 40%. CEO Ronen Luzon emphasizes that this feature could significantly boost customer engagement and loyalty.