My Size Stock Price, News & Analysis

MySize, Inc. (NASDAQ: MYSZ) announces its new Sizing Trends feature aimed at eCommerce retailers. This tool offers insights into customer sizing trends based on anonymized data from over 100 million measurements. The feature helps retailers optimize size charts to enhance customer fit, potentially reducing returns—which account for 70% of online apparel returns—by up to 50%. MySizeID has partnered with leading brands and platforms, demonstrating a capability to boost average order values by 30%.

MySize, Inc. (NASDAQ: MYSZ) provided a business update for Q2 2021, highlighting key achievements and developments. The company secured its IP portfolio following an asset waiver, leading to improved onboarding processes. Notable successes include a 2.75x increase in conversion rates and a near 15% rise in average order value for brands using MySize solutions. Major brands, such as Levi's and Speedo, reported significant reductions in return rates and increases in average order values. Guy Zimmerman has joined the Board of Directors, enhancing the company's leadership in technology-driven retail solutions.

MySize Inc. (NASDAQ: MYSZ) announced key findings from its Business Intelligence Report for the first half of 2021. The report reveals that retailers using MySize's solutions experienced a 2.75x increase in conversion rates and a 15% rise in average order value (AOV) when the technology was applied to over 40% of their product listings. MySize's technology successfully reduces returns by up to 50%, enhancing consumer confidence and boosting overall sales performance for eCommerce platforms.

Custodian Ventures, the largest stockholder of My Size, Inc. (MYSZ), has nominated four candidates for the Board of Directors, criticizing the current management for poor stock performance and governance. The company recently issued nearly 20% of its outstanding shares to its founder, raising concerns about fiduciary duty breaches. Custodian Ventures has demanded access to company documents to assess this transaction's legitimacy and given the company a deadline of July 6, 2021, to comply. They urge the board to avoid further dilutive share issuances and hold the 2021 Annual Meeting promptly.

MySize Inc (NASDAQ: MYSZ) announced a partnership with Delhivery, India's largest logistics company. This collaboration will implement MySize's AI-driven sizing solution, BoxSize, enhancing operational efficiency by optimizing resource use and reducing emissions. BoxSize features include parcel measurement, barcode scanning, and geolocation tagging, which aim to streamline logistics processes. CEO Ronen Luzon emphasized that this partnership empowers Delhivery employees to improve delivery efficiency, contributing to better resource allocation and environmental sustainability.

MySize Inc. (NASDAQ: MYSZ) is developing an AI-driven sizing solution for the secondhand clothing market. This unique platform aims to reduce return rates by helping online shoppers identify their correct size in pre-owned apparel. With the secondhand market projected to grow to $80 billion by 2029, this initiative addresses a significant demand. Currently, up to 40% of online apparel purchases are returned due to sizing issues, costing retailers billions. MySize leverages smartphone sensors and patented algorithms, positioning itself as a leader in enhancing the online shopping experience.

MySize (NASDAQ: MYSZ) has expanded its footprint in France by partnering with La Caserne, a prominent incubator for responsible fashion. This collaboration grants over 25 brands access to MySize’s smartphone measurement technology, which aims to enhance sizing accuracy and reduce return rates by up to 50%. As a result, the initiative is expected to significantly lower carbon emissions from returns. The solution will be integrated into websites like DA/DA and Salut Beauté, enhancing the shopping experience and operational efficiency.

MySize (NASDAQ: MYSZ) announced a strategic partnership with Bitrix, Russia's largest eStore platform, to integrate its AI-driven sizing solution. This collaboration aims to provide accurate footwear and apparel sizing, potentially reaching millions of online shoppers. With proven results in reducing returns by up to 50% and increasing order values by 30%, MySize is set to enhance the customer experience for Russian e-commerce retailers. The MySize app leverages smartphone sensors for precise size recommendations, addressing high return rates in the apparel industry.

Custodian Ventures, the largest stockholder of My Size (NASDAQ: MYSZ) with approximately 9.99% ownership, has issued an open letter urging stockholders to unite against the decline in stockholder value and hold the board accountable. This statement precedes the upcoming 2021 Annual Meeting of Stockholders, with the date to be announced. The letter emphasizes the importance of stockholder engagement in corporate governance.