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) announced the implementation of MySizeID on Levi's e-commerce platforms in the U.S. and six European countries. This innovation has led to a significant reduction in returns, with womenswear returns down 47% and menswear returns down 44%. An article in Modern Retail highlighted this success and ranked as one of the most-clicked stories in the National Retail Federation's newsletter. MySizeID, an AI-driven sizing solution, aims to improve customer satisfaction while helping brands like Levi's optimize their direct-to-consumer sales.
MySize, Inc. (NASDAQ: MYSZ) recently partnered with Promas during a fashion event in Paris on December 7-8, 2022, to showcase its FirstLook Smart Mirror. This innovative technology enhances the shopping experience by allowing customers to virtually try on clothes, receive personalized size recommendations, and enjoy contactless checkout. The event attracted around 100 influencers and showcased various French menswear brands. MySize offers the Smart Mirror to retailers on a purchase or lease basis, aiming to drive revenue through unit sales and service subscriptions.
MySize has introduced its new Smart Catalogue, a SaaS solution aimed at enhancing fashion design by optimizing clothing patterns for better fit. The initiative, piloted with major brands like Desigual, El Ganso, and Silbon, seeks to reduce the substantial problem of unsold inventory, where nearly 30% of clothing returns are never resold. This innovative tool provides designers with demographic data to create market-specific patterns, potentially boosting inventory performance and customer satisfaction.
MySize, Inc. (NASDAQ: MYSZ) announced a partnership with Forint S.p.a., an Italian uniform manufacturer, to implement MySizeID sizing solutions for its business-to-business clients. This collaboration aims to enhance customer experience and service accuracy, benefiting clients across various sectors, including airlines and military. MySize CEO Ronen Luzon emphasized the potential for economic improvement and reduced environmental waste through their technology. The integration of MySizeID is expected to strengthen Forint's customer service capabilities.
MySize, Inc. (NASDAQ: MYSZ) has approved a one-for-25 reverse stock split effective after trading on December 8, 2022. The split aims to increase the stock price to comply with Nasdaq requirements and attract institutional investors. Post-split, outstanding shares will reduce from 36 million to 1.5 million, with fractional shares rounded up. This change does not impact ownership percentages, and stockholders holding physical certificates will receive new ones. The company’s strategic actions include enhancing its e-commerce capabilities through AI-driven measurement solutions.
MySize, Inc. (NASDAQ: MYSZ) announced its participation in the Ladenburg Thalmann Virtual Technology Expo on December 7th, 2022, at 1:00 PM ET. CEO Ronen Luzon will present the company's growth strategy after acquiring Naiz Fit and Orgad, enhancing its position in the fashion-tech sector. MySize provides AI-driven measurement solutions aimed at driving revenue and cutting costs for business clients. The Expo will feature presentations from about 50 technology firms and include opportunities for one-on-one meetings with investor teams.
MySize, Inc. (NASDAQ: MYSZ) reported significant financial results for Q3 2022, with revenues soaring 2242% to $726,000, mainly due to the acquisition of Orgad. MySizeID SaaS revenue rose 32% to $41,000. The operating loss decreased to $1,975,000, while the net loss remained stable at $2,026,000. Cash reserves stood at $4.6 million. Recent acquisitions, including NaizFit, are expected to enhance growth in the fashion-tech sector. The company anticipates total revenues for 2022 between $4 million and $5 million and projects strong SaaS revenue streams in 2023.
On November 9, 2022, MySize (NASDAQ: MYSZ) announced that its CEO, Ronen Luzon, will speak at Brand Week 2022 in Istanbul on November 11. His speech, titled "Measure Perfect: The Power of Innovation Against Waste," will highlight the importance of sustainability in retail. Luzon emphasized that retailers adopting MySize's AI-driven measurement solutions not only improve ROI but also minimize waste, addressing the issue of 5 billion pounds of returns that end up in landfills. MySize continues to innovate in the e-commerce space with solutions aimed at driving revenue growth.
MySize, a provider of AI-driven measurement solutions, announces the acquisition of Naiz Fit, a Spain-based fashion-tech firm. The acquisition positions MySize to capitalize on the $120 billion fashion market in Spain and Italy, with plans for European market expansion. MySize expects high-margin recurring SaaS revenues from its enhanced portfolio of sizing solutions, including the upcoming Smart Catalogue and FirstLook Smart Mirror. This strategic move strengthens MySize's foothold in Europe, bolstering its growth potential.
MySize (NASDAQ: MYSZ) has acquired Spain-based Naiz Fit for $500,000 cash plus 6 million shares, with potential future payments of up to $1.55 million. This acquisition aims to enhance MySize's position in the fashion measurement solutions sector, expecting to generate an additional $1 million revenue in 2023. Naiz Fit brings a strong customer base, including top European brands like Desigual and Moschino. The integration is projected to yield economies of scale and broaden MySize's tech offerings.