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) has launched an application that offers direct-to-retailer sizing solutions for online shoppers. This innovative tool allows users to obtain accurate clothing sizes for over 120 retailers, addressing the high return rates in e-commerce, which can reach 40%. By using smartphone sensors, the app enhances the shopping experience, aiming to reduce incorrect size orders. CEO Ronen Luzon emphasizes that this advancement is crucial for improving customer journeys and presents a potential model for future retail operations.
My Size, Inc. (NASDAQ: MYSZ) announced a business update for Q4 2020, highlighting growth in key metrics. The company completed two direct offerings totaling $5.3 million and reported 12 million size recommendations delivered via MySizeID. Their expansion into the uniform and workwear sector includes a partnership with UniformMarket, tapping into a market projected to reach $42.1 billion by 2025. Additionally, they launched a footwear measurement solution aimed at a $20.9 billion market, focusing on sustainability by reducing shipping needs.
MySize, Inc. (NASDAQ: MYSZ) has announced the full integration of its e-commerce shoe sizing solution into retail websites. This feature enhances the online shopping experience and aims to minimize returns, which can reach 40% in footwear sales. With the e-commerce footwear market projected at $21.4 billion in 2021, the integration is timely as it boosts confidence and reduces return costs. The solution is compatible with major e-commerce platforms and has shown to reduce returns by up to 50% and increase order values by 30%, greatly benefiting retailers.
My Size, Inc. (NASDAQ: MYSZ) has completed a public offering generating approximately $3.3 million in gross proceeds. This equates to 2,618,532 shares at $1.26 per share. The funds will primarily be used for working capital and general corporate purposes. Additionally, underwriters have a 45-day option to purchase an extra 15% of the offered shares, potentially raising total proceeds to around $3.8 million. The offering was made under an effective shelf registration statement.
Aegis Capital Corp. acted as the Sole Bookrunner for a $3.3 million Follow-On Offering for My Size, Inc. (NASDAQ:MYSZ). This offering aims to enhance My Size's financial position as it develops mobile device measurement solutions across various sectors, including e-commerce and DIY industries. Founded in 2014 by Ronen Luzon, My Size focuses on addressing measurement challenges in the fashion and shipping markets. The offering signifies potential growth opportunities, though its impact on immediate stock performance remains to be seen.
My Size, Inc. (NASDAQ: MYSZ) announced a public offering of approximately 2,618,532 shares at $1.26 each, expected to raise around $3.3 million before fees. The funds will support working capital and general purposes. The underwriters have a 45-day option to purchase an additional 15% of shares, potentially increasing gross proceeds to $3.8 million. The offering is set to close around March 25, 2021, pending customary conditions. Aegis Capital Corp. is the bookrunner for this transaction.
MySize, Inc. (NASDAQ: MYSZ) announced the launch of its MySizeID app in collaboration with Evropeyskiy Mall, Europe's most popular shopping center, on March 22, 2021. This innovative app aims to enhance in-person shopping for approximately 600,000 daily visitors by providing accurate clothing sizes using smartphone sensors. Customers can enjoy a seamless shopping experience, from browsing to checkout, without the need for cashiers. This hybrid omnichannel approach aims to improve consumer convenience and potentially boost retail sales at the mall, reinforcing MySize's position in the measurement solutions market.
MySize, Inc. (NASDAQ: MYSZ) announces the upcoming launch of its MySizeID app at Evropeyskiy Mall, the largest shopping center in Russia, which attracts approximately 600,000 daily visitors. This innovative app allows users to obtain accurate clothing sizes using their smartphones, enhancing the in-person shopping experience with cashier-free purchase options. The collaboration aims to merge online convenience with traditional retail benefits, positioning MySize as a leader in e-commerce measurement solutions.
AIRPORT CITY, Israel, March 18, 2021 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) provided a stockholder update for 2021, emphasizing its strategy to enhance the e-commerce shopping experience. The company plans to expand its product offerings, including a 3D try-on avatar feature set to launch in Q4 2021. MySizeID is gaining traction among apparel retailers and the uniform market, driven by ease of use and accuracy. The firm also highlighted increased M&A activity in the industry, suggesting validation of its technology's role in optimizing retail.
MySize, Inc. (NASDAQ: MYSZ) has launched the MySizeID E-Commerce Plugin SDK, enabling e-commerce companies to create and distribute personalized sizing solutions for their customers. This SDK addresses a $6.5B market gap in e-commerce sizing solutions, enhancing shopper engagement and conversion rates for retailers. The solution allows businesses to integrate MySizeID's sizing recommendations efficiently, providing valuable customer insights. CEO Ronen Luzon emphasizes the importance of leveraging data for tailored customer experiences amidst the growing e-commerce landscape.