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. develops AI-driven fashion technology and commerce businesses for brands, retailers and consumers. Its portfolio includes sizing and fit solutions for e-commerce, fashion marketplace operations, apparel resale through Percentil, overstock and distribution activity through Orgad, and footwear wholesale channels.
Company news commonly covers product and platform strategy, international market development, marketplace distribution, circular fashion resale, customer and brand relationships, investor communications, operating updates and Nasdaq listing-compliance matters. Updates also address how My Size connects sizing technology, resale infrastructure and inventory-management activity across the fashion value chain.
My Size, Inc. (NASDAQ: MYSZ) reported a strong business update for Q3 2020, showcasing a remarkable revenue increase to $88,000 from $6,000 year-over-year. The company successfully integrated its MySizeID technology into retailers like NOCTURNE and Tricorp, enhancing e-commerce capabilities. MySizeID has significantly boosted retailer sales and reduced returns, evidenced by a partner reporting threefold sales increases and 50% fewer returns. Despite challenges posed by COVID-19 affecting market penetration, My Size anticipates reaching 10 million size recommendations in 2020 and remains optimistic about future growth.
My Size, Inc. (NASDAQ: MYSZ) has unveiled a new Made-to-Measure (M2M) feature for its MySizeID technology, allowing retailers to collect customers' body measurements for custom clothing. This innovative tool aims to improve customer experience and reduce costs for retailers by enabling more precise sizing. CEO Ronen Luzon emphasized the shift towards made-to-measure fashion as sustainable and ethical. Currently, the M2M feature is in pilot testing with several retailers, receiving positive feedback. The company continues to innovate in the smartphone measurement solutions sector.
My Size, Inc. (NASDAQ: MYSZ) announced the integration of its MySizeID widget into Tricorp's e-commerce platform, aimed at enhancing conversion rates and minimizing product returns. This partnership, driven by the need for contactless measurement solutions during the COVID-19 pandemic, allows customers to self-measure for workwear, reducing the need for physical fittings. The global workwear market is valued at approximately $30 billion, presenting significant opportunities for MySizeID in improving retailer revenues and promoting sustainability by decreasing returns and shipping.
My Size, Inc. (NASDAQ: MYSZ) announced its participation at the Retail Hub 2020, taking place in Moscow from September 16-18. The company will showcase its innovative measurement technology, specifically the MySizeID solution, designed to enhance the shopping experience by providing size recommendations based on users' body measurements. Additionally, the BoxSize application will be demonstrated, aimed at improving package measurement efficiency for courier services. This exhibition highlights My Size's commitment to advancing retail technology.
My Size, Inc. (NASDAQ: MYSZ) will present at the H.C. Wainwright Annual Global Investment Conference from September 14-16, 2020. The presentation is scheduled for September 16 at 9:00 a.m. Eastern Time, featuring CEO Ronen Luzon and CFO Or Kleson. This virtual event will be accessible via a live webcast. My Size specializes in smartphone measurement applications for various industries, utilizing proprietary measurement technology powered by advanced algorithms. For more details, visit their website.
My Size, Inc. (NASDAQ:MYSZ), a developer of smartphone measurement applications, will present at The LD 500 Investor Conference from September 1-4, 2020. CEO Ronen Luzon and CFO Or Kles are set to speak on September 2 at 9:20 AM ET, with the presentation available via live webcast. The conference will showcase key players in the small and micro-cap sector. Attendees can schedule one-on-one meetings by registering online or emailing the contact provided. My Size specializes in innovative measurement technology for various industries, including e-commerce and retail.
My Size, Inc. (NASDAQ: MYSZ) has launched its MySizeID widget in partnership with NOCTURNE, a European women's apparel brand. This integration allows NOCTURNE's customers to easily measure their sizes using their smartphones, enabling an improved online shopping experience. The MySizeID app aims to reduce product returns caused by incorrect sizing, thus enhancing customer satisfaction and increasing revenue for NOCTURNE. CEO Ronen Luzon highlighted the potential to reduce cart abandonment and foster brand loyalty through their innovative technology.
My Size, Inc. (NASDAQ: MYSZ) provided a business update for Q2 2020, revealing over 2.3 million size recommendations in July. Highlights include a reported increase in online sales for customers using MySizeID, with Penti noting a threefold boost in sales and a 50% reduction in returns. The company opened a subsidiary in Moscow and expanded its presence in France with new hires. Additionally, My Size received a Notice of Allowance for a U.S. patent related to its measurement technology, contributing to its growing intellectual property portfolio. The Company expects to generate 2.5 million recommendations in August and aims for 20 million in total for 2020.
My Size, Inc. (NASDAQ: MYSZ) announced that CEO Ronen Luzon will appear on Cheddar INNOVATES at 11:00 AM ET today. He will discuss how COVID-19 has impacted U.S. retailers and the importance of adopting digital strategies for ongoing success. MySizeID offers a smartphone-based sizing solution aimed at enhancing customer experience and reducing costs for retailers. This technology utilizes personal measurements without a camera, positioning it as a valuable tool during and beyond the pandemic.
My Size, Inc. (NASDAQ: MYSZ) partnered with global apparel brand Penti, reporting that customers using MySizeID had apparel sales three times higher than non-users during March to May 2020. Returns for these customers decreased by approximately 50%. Following the success in lingerie and swimwear, MySizeID has been expanded to Penti's sleepwear line. CEO Ronen Luzon noted that nearly 8% of Penti's customers utilized MySizeID, indicating significant growth opportunities among the estimated four million monthly shoppers on Penti's platform.