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.
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MySize (Nasdaq: MYSZ) announced that CEO Ronen Luzon will present at the Ladenburg Thalmann Tech Expo on April 27, 2023, at 1:00 PM ET in New York City. The presentation will be available for live viewing via a provided link.
Key highlights include:
- 2022 revenue reached $4.5 million, marking a 3304% increase from 2021.
- Q4 2022 revenue of $2.5 million signals potential revenue doubling in 2023.
- Expanded adoption of AI-driven SaaS solutions by global fashion brands.
- Technologies reduce returns, improve retailer economics, and enhance consumer experiences.
MySize also launched the FirstLook Smart Mirror, enhancing in-store shopping experiences, which is expected to uplift revenues.
MySize, Inc. (NASDAQ: MYSZ) announced the launch of its Naiz Fit sizing solution across all 32 e-commerce sites of the luxury menswear brand Canali in Europe and the US. This partnership allows Canali customers to find their perfect fit using AI-driven technology that requires no measurements from the users. The SaaS agreement is effective immediately, and Naiz Fit has reportedly increased conversion rates by 800% and basket values by 37% for a similar brand. Additionally, the company’s AI technology accurately captures over 20 body measurements via images, enhancing customer satisfaction and sales while reducing returns. CEO Ronen Luzon expressed confidence in Naiz Fit's ability to impact sales positively.