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MySize Issues Shareholder Update: Revised 2023 Revenue Guidance of ~ $8 Million

Retrieved on:

Montag, Oktober 30, 2023

AIRPORT CITY, Israel , Oct. 30, 2023 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today issued a shareholder update from its Founder and CEO, Ronen Luzon.

Key Points:

Dear MySize Partners and Shareholders,
Before providing a business update on MySize, first, I must address the unprecedented October 7 attack on Israel by the terrorist group Hamas.
For the 12 months ended December 31, 2022, MySize reported revenue of $4,459,000 compared to $131,000 for fiscal 2021.
$4,132,000 of our total 2022 revenue came from Orgad's operations commencing on February 7, 2022, the date Orgad's acquisition closed.
While we reported revenues of approximately $2 million during the first half of 2023 and previous revenue guidance of between $9 to $10 million for 2023, based on the current revenue run rate and upcoming holiday shopping season, we expect approximately $8 million in revenues for the 12 months ended December 31, 2023 bringing us closer to cash-flow positive.

MySize's Naiz Fit Wins Innovation Award at Paris Retail Week 2023 for its Apparel Sizing Solutions

Retrieved on:

Dienstag, Oktober 3, 2023

Software as a service, Naiz Hassan, Stock, TASE, Commerce, Environment, Levi Strauss & Co., Retail, Superdry, Speedo, Desigual, Moschino

AIRPORT CITY, Israel, Oct. 3, 2023 /PRNewswire/ -- MySize, Inc. (Nasdaq: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today announced its Spain-based Naiz Fit received the "Agile Customer Journey" innovation award at Paris Retail Week 2023, one of the most significant events in the French retail sector attended by 20,000 professionals.

Key Points:

Naiz Fit was recognized by the Paris Retail Awards for its suite of SaaS solutions that help the fashion industry reduce size-related returns.
"Winning the Agile Customer Journey innovation award at Paris Retail Week 2023 is a tremendous honor and highlights the value we bring to customers around the world," stated Naiz Fit CEO and Co-Founder Borja Cembrero.
MySize and Naiz Fit sizing solutions are used by designers and retailers globally, including brands such as Desigual, Moschino, Levi's, Superdry, and Speedo.
We are pleased to receive this latest award that recognizes the value of our technology for the fashion retail industry."

MySize's Apparel Sizing Solutions Achieve Key Milestones: 35 Million Size Recommendations with 18 Million Items Sold Worth €790 Million

Retrieved on:

Donnerstag, August 10, 2023

Naiz Hassan, Carbon footprint, United States Polo Association, TASE, Economics, Online shopping, Superdry, Speedo, Docker, Desigual, Moschino, Canali

AIRPORT CITY, Israel, Aug. 10, 2023 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today announced its Naiz Fit and MySizeID ecommerce apparel sizing solutions, which help shoppers find the perfect fit, achieved several key milestones including:

Key Points:

In addition to happy online shoppers and improved economics for retailers, these numbers have a profound impact on carbon footprint reduction," stated MySize CEO Ronen Luzon.
"Our latest data show size related returns were reduced by up to 65% when shoppers used Naiz Fit or MySizeID.
This is due to continuous improvements of our AI and machine learning tool which optimizes performance based on increased traffic and a 360 degree view of retailers' business.
It's clear why so many of the world's top brands are using our apparel sizing solutions."

The Museum at FIT Presents Food & Fashion

Retrieved on:

Mittwoch, Juni 28, 2023

NEW YORK, June 28, 2023 The Museum at FIT (MFIT) presents Food & Fashion , an exciting and timely exhibition that explores the impact of food and food culture on fashion design.

Key Points:

NEW YORK, June 28, 2023 The Museum at FIT (MFIT) presents Food & Fashion , an exciting and timely exhibition that explores the impact of food and food culture on fashion design.
The first four sections, presented as intimate tableaus, include "The Fashion Kitchen," "The Market," "The Fast Food Diner," and "The High Fashion Restaurant."
"A Feast for the Eyes" delves into how food, fashion, and art have collided in contemporary fashion design.
Food & Fashion has been made possible thanks to the generosity of the Couture Council of The Museum at FIT.

MySizeID for Pets: MySize to Launch AI-Driven Sizing Solution for $5 Billion Pet Clothing Market

Retrieved on:

Donnerstag, März 9, 2023

Dog, TASE, DIY, Amazon (company), Ben-Zion Orgad, Algorithm, Moncler, Naiz Hassan, H&M, Cat, Urban Outfitters, Clothing, Pet industry, Online shopping, Moschino

The pet apparel market is projected to grow to an estimated $7 billion in 2028 driven by rising pet ownership worldwide, pet humanization, growing demand for sustainable pet clothing, and an increasing number of brands, including new dog apparel brands and well-established human brands now designing for the pet market.

Key Points:

The pet apparel market is projected to grow to an estimated $7 billion in 2028 driven by rising pet ownership worldwide, pet humanization, growing demand for sustainable pet clothing, and an increasing number of brands, including new dog apparel brands and well-established human brands now designing for the pet market.
"We believe MySizeID will be the first pet apparel sizing solution on the market, based on our assessment, and we look forward to working with innovative pet apparel retailers that aim to improve their consumer journey and sustainability."
Please click here for a demonstration of how MySizeID provides a full sizing solution for the retail industry.
Register here for the MySizeID solution for your online store and here for the Naiz Fiz solution.

MySize Receives Notice of Patent Allowance in Canada for AI & Algorithm-driven Measurement Solution

Retrieved on:

Dienstag, Februar 7, 2023

Patent, Yigal Cohen-Orgad, DIY, Amazon (company), Algorithm, Naiz Hassan, Canadian Intellectual Property Office, TASE, Name, Levi, Mobile phone, Online shopping, Superdry, Speedo, Moschino

This patent encompasses the methods and systems for measuring a body part of a user via a handheld electronic device.

Key Points:

This patent encompasses the methods and systems for measuring a body part of a user via a handheld electronic device.
MySizeID's proprietary algorithms leverage the smartphone's built-in sensors and fuse the data produced with anthropometric data.
MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout.
Register here for the MySizeID solution for your online store and here for the Naiz Fiz solution.

EQS-News: MySize Acquires Naiz Fit To Consolidate Apparel Sizing Solutions And Position Company As A Potential Leader Helping Serve $1 Trillion Global Fashion Industry

Retrieved on:

Montag, November 7, 2022

The nearly $1 trillion global fashion industry is no stranger to innovation.

Key Points:

The nearly $1 trillion global fashion industry is no stranger to innovation.
Thanks to technological advancements in the e-commerce fashion industry, apparel, footwear and accessories sales ballooned in 2021, hitting $180.5 billion in the U.S. alone.
MySize also anticipates its combined Naiz Fit and MySizeID sizing solution revenue to contribute an additional $1 million in revenues in 2023.
The acquisition of Naiz Fit could position MySize as a leading company in measurement solution technologies for retail, helping the company boost revenue and grow its customer base.

Through Recent Acquisition, MySize Gains Strong Foothold in High-Value, Trend-Setting European Fashion Market

Retrieved on:

Mittwoch, November 2, 2022

"We believe retailers and fashion brands across the globe look to what's successful in Europe.

Key Points:

"We believe retailers and fashion brands across the globe look to what's successful in Europe.
MySize can now leverage its European headquarters in Spain to better reach and serve a global customer base, creating solid, steady growth for our high-margin SaaS fashion-tech solutions."
Europe's apparel market, estimated at $397 billion in 2022, is larger than the U.S.'s at $312 billion .
MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout.

Artelli, a Pioneering Immersive Multi-dimensional Art Space, opens in Macau

Retrieved on:

Freitag, Oktober 28, 2022

MACAU, Oct. 28, 2022 /PRNewswire/ -- Artelli, the pioneering immersive multi-dimensional art space presented by Forward Fashion (International) Holdings Company Limited, ("Forward Fashion" or the "Group"; Stock Code: 2528), has opened in the heart of Cotai Strip, at City of Dreams Macau, marking a brand-new milestone in the Group's advance into high-end art projects and business diversification.

Key Points:

Artelli will be the central art hub to set forth the ultimate diversified community platform for art and culture.
The art space adopts pure white tones throughout, inaugurating a natural medium to cater all exceptional works of art.
A devotion to create an exceptional art atmosphere for high-end art has set Artelli apart from traditional retail and art exhibitions.
The infusion of art and brands establishes a multi-dimensional, diversified and integrative art space that curates an unprecedented immersive multi-dimensional art experience for art enthusiasts.

MySize Acquires Spain's Naiz Fit

Retrieved on:

Mittwoch, Oktober 12, 2022

MySize is acquiring Naiz Fit for $500,000 in cash and 6 million shares of MySize common stock, and up to an additional $1,550,000 in future cash based on the achievement of performance-based milestones plus a shortfall payment of approximately $450,000 payable in 2026.

Key Points:

MySize is acquiring Naiz Fit for $500,000 in cash and 6 million shares of MySize common stock, and up to an additional $1,550,000 in future cash based on the achievement of performance-based milestones plus a shortfall payment of approximately $450,000 payable in 2026.
MySize expects its combined Naiz Fit and MySizeID sizing solution revenues to contribute an additional $1 million revenues in 2023.
For customers who do not want to use photos, Naiz Fit implements statistical modeling algorithms to determine size and fit based on height, weight, age, gender, and fit preference.
Borja Cembrero Saralegui, Co-Founder of Naiz Fit, commented, "Our current customers will benefit significantly from Naiz Fit joining forces with MySize, a Nasdaq listed company with global reach serving some of the largest retailers in the world, and offering complementary products such as FirstLook Smart Mirror.