AIRPORT CITY, Israel,
Oct. 22, 2018 /PRNewswire/ -- My
Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE:
MYSZ), the developer and creator of smartphone measurement
applications, today announced it has partnered with Lightspeed, a
leading point-of-sale solution for independent retailers and
restaurants with roughly $15 billion
in annual on-line apparel transactions, to provide access to its
MySizeID™ mobile measurement solution to e-retailers
worldwide. My Size will also be exhibiting its MySizeID™ solution
(booth #6) at Lightspeed's Connect conference on October 24, 2018 in The
Netherlands. Lightspeed Connect is the largest annual
omnichannel event in Europe,
connecting retailers with solutions they need to create smarter
sales decisions.
Retailers utilizing Lightspeed's online platform will soon be
able to deploy the MySizeID™ turnkey solution through
a simple widget integration from the Lightspeed app store and offer
their customers the personalized and efficient online shopping
experience they deserve. With MySizeID™, retailers can
provide customers with a personal sizing profile to ensure each
item purchased fits properly, without having to guess the
appropriate size and excessive returns.
Following a 30-day free trial period, retailers will be able to
subscribe to a monthly paid service plan to continue providing
MySizeID™ to customers, while also maintaining the
back office services for data and sizing entry the solution
provides.
"We are excited to partner with Lightspeed to bring
MySizeID™ to their incredible roster of retailers, and
to help those retailers increase their sales and decrease the cost
associated with unnecessary and size-related returns," said Ronen
Luzon, Chief Executive Officer of My Size. "We are also pleased to
expand further into the third party e-commerce platform market with
a licensing program that we believe will generate revenue on a
monthly basis. This is a significant step toward getting
MySizeID™ into the hands of more users across the
globe."
The MySizeID™ app is a turnkey solution that helps
any online shopper choose the appropriate apparel size for that
specific brand, based on the shopper's real-time body measurements.
My Size's innovative technology enables consumers to measure
themselves once using their smartphone and then be matched with a
brand-specific apparel item in their size.
The top three e-commerce platform providers alone host more than
1.1 million websites, according toEndadget. Earlier this year My
Size announced open registration for MySizeID™ for a
host of third-party providers in an effort to further penetrate the
$72 billion U.S. online clothing
market.
Based on My Size's estimates, the MySizeID app can increase
average order values by approximately 20% and can reduce return
rates by approximately 30%. Furthermore, MySizeID enhances the
customer experience, leading to greater brand loyalty.
About Lightspeed
Headquartered in Montréal, Canada, Lightspeed is the most powerful
cloud-based point of sale and eCommerce solution for independent
businesses. Over 50,000 retailers and restaurateurs, processing
over US $15 billion in transactions
annually use Lightspeed to grow and manage their business in-store
and online. Lightspeed can be found in more than 100 countries,
powering favorite local businesses, where the community goes to
shop and dine. Founded in 2005, Lightspeed has grown to over 650
employees, with global offices in Canada, USA,
Europe, and Australia.
For more information, please
visit:http://www.lightspeedhq.com,
Facebook: Facebook.com/LightspeedHQ, Twitter: @LightspeedHQ and
Instagram: @LightspeedHQ.
About My Size, Inc.
My Size, Inc. (TASE: MYSZ) (NASDAQ: MYSZ) has developed a unique
measurement technology based on sophisticated algorithms and
cutting-edge technology with broad applications including the
apparel, e-commerce, DIY, shipping and parcel delivery
industries. This proprietary technology is driven by several
algorithms which are able to calculate and record measurements in a
variety of novel ways. To learn more about My Size, please visit
our website.www.mysizeid.com. Follow us on Facebook, LinkedIn and
Twitter.
Please click here for a demonstration of how MySize provides a
full fashion solution for the retail industry
Register here for a three months free trial with MySizeID
solution in your online store
Please click here to download MySizeID™ for
iOS.
Please click here for a demonstration of how the
BoxSizeID™ app works.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
identified by the use of the words "could," "believe,"
"anticipate," "intend," "estimate," "expect," "may," "continue,"
"predict," "potential," "project" and similar expressions that are
intended to identify forward-looking statements. All
forward-looking statements speak only as of the date of this press
release. You should not place undue reliance on these
forward-looking statements. Although we believe that our plans,
objectives, expectations and intentions reflected in or suggested
by the forward-looking statements are reasonable, we can give no
assurance that these plans, objectives, expectations or intentions
will be achieved. Forward-looking statements involve significant
risks and uncertainties (some of which are beyond our control) and
assumptions that could cause actual results to differ materially
from historical experience and present expectations or projections.
Actual results to differ materially from those in the
forward-looking statements and the trading price for our common
stock may fluctuate significantly. Forward-looking statements also
are affected by the risk factors described in the Company's filings
with the U.S. Securities and Exchange Commission. Except as
required by law, we undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statements are made or to reflect the occurrence of
unanticipated events.
Israel Press Contact:
Eran Yoels
Rimon, Cohen and Co.
Eran@rcspr.co.il
U.S. Press Contact:
Matthew Bretzius
FischTank Marketing & PR
matt@fischtankpr.com
IR Contact:
Darrow Associates Inc.
Peter Seltzberg, Managing
Director
Investor Relations
pseltzberg@darrowir.com
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SOURCE My Size Inc.