My Size Stock Price, News & Analysis

MySize, Inc. (Nasdaq: MYSZ) announced the upcoming launch of its MySizeID apparel sizing solution tailored for the estimated $5 billion pet apparel market, focusing on dogs and cats. This innovative solution is projected to capitalize on the pet apparel industry's growth potential, which is expected to reach $7 billion by 2028, driven by factors such as increased pet ownership and consumer demand for sustainable options. The company aims to enhance the shopping experience for pet owners while reducing return rates and associated environmental impacts.

MySize, a provider of AI-driven measurement solutions, will exhibit at EuroShop from February 26 - March 2, 2023. The company, in partnership with GK Software, will showcase products like MySizeID and Naiz Fit, aimed at enhancing customer experience and operational efficiency for retailers. MySize's recent acquisition of Naiz Fit has expanded its reach into leading European fashion brands. The exhibition will feature advanced solutions, including the FirstLook Smart Mirror, designed to improve in-store shopping.

MySize, Inc. (Nasdaq: MYSZ) announces the successful implementation of its Naiz Fit sizing solution by Harper & Neyer, a prominent menswear brand in Spain. This integration aims to minimize returns due to sizing issues across Harper & Neyer's global e-commerce platforms. With 21 stores in Spain, France, Italy, Andorra, Portugal, and Mexico, Harper & Neyer targets active men seeking stylish outfits. MySize's CEO highlights Naiz Fit's growing prominence among European fashion retailers, leveraging local marketing and service for enhanced adoption. This collaboration marks a step forward for MySize's portfolio aiming at revenue growth through AI-driven measurement solutions.

MySize, Inc. (NASDAQ: MYSZ) has received a Notice Allowance from the Canadian Intellectual Property Office for its patent on a method to measure body parts using handheld electronic devices. This patent, which is part of a growing portfolio of approximately 20 issued and pending patents, reinforces MySize's commitment to enhancing AI-driven measurement solutions in the retail sector. The company's technology leverages smartphone sensors for accurate sizing, benefiting over 1,000 apparel retail clients like Levi's and Speedo. CEO Ronen Luzon noted the increasing value of their patent estate, correlating with improved economic efficiency and environmental sustainability metrics.

MySize, Inc. (NASDAQ: MYSZ) has successfully launched its Naiz Fit sizing solution with Natura, a Spain-based eco-friendly brand. Customers can now take measurements via the Naiz Fit app, enhancing apparel fit across Natura's 200 stores in Spain, Portugal, Italy, and Andorra. This collaboration aims to significantly cut returns, projected to improve purchase confidence by 40% and reduce returns by 50%. MySize's recent acquisition of Naiz Fit strengthens its presence in the European market, aligning with Natura's sustainability goals. This partnership showcases MySize's commitment to driving growth and cost efficiency in the retail sector.

MySize, Inc. (MYSZ) has announced a concurrent registered direct offering and private placement of 441,899 and 540,098 shares of common stock, respectively, priced at $3.055 per share. The total expected gross proceeds from both offerings are approximately $3.0 million. Series A and B warrants will also be issued, with an exercise price of $2.805 per share. Proceeds are intended for general corporate purposes. The offerings are expected to close by January 12, 2023.

MySize, Inc. (NASDAQ: MYSZ) announced its participation in the National Retail Federation's NRF 2023 Retail's Big Show from January 14-17 in New York City. The company will showcase its AI-driven products such as the FirstLook Smart Mirror and digital sizing solutions including MySizeID. The event is recognized as a pivotal gathering for retail innovations aimed at enhancing sustainability and efficiency within the industry.

MySize, Inc. (NASDAQ: MYSZ) announced a partnership with Estudio de Moda S.A.S to implement its MySizeID sizing solution on Diesel's ecommerce platform in Colombia. This initiative supports Diesel's commitment to achieve net-zero GHG emissions by 2030, aiming to reduce the estimated 70% of ecommerce returns related to sizing issues. MySizeID leverages AI to enhance fit accuracy, thereby improving customer satisfaction and operational efficiency.