AIRPORT CITY, Israel,
Nov. 12, 2018 /PRNewswire/ -- My
Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE:
MYSZ), the developer and creator of smartphone measurement
applications, announced today it will showcase its innovative
smartphone measurement technology for apparel sizing at What's Next
in Retail Tech, a leading global retail technology event being
hosted by RetailTrends. The What's News in Retail Tech event is
taking place November 13, 2018 in
Amsterdam.
My Size will demonstrate how its MySizeID™ mobile solution can
help apparel companies to reduce costs and enhance shopper
experience by providing a more efficient sizing solution for
consumers.
"What's Next in Retail Tech is an exciting international event
bringing together the brightest minds innovating the retail
technology space and large retailers from around the world. As we
continue to expand our sales efforts into European markets like
the Netherlands, it is important
for My Size to participate in leading regional events like this,"
said My Size CEO, Ronen Luzon. "We
look forward to showcasing the power of MySizeID™ and the impact it
can have for online apparel retailers. This is a terrific
opportunity for My Size to show retailers that sizing does not have
to be an issue for them any longer."
According to data from Statista, online retail sales
in the U.S. in 2017 were approximately $2.3
trillion and are expected to grow to approximately
$4.88 trillion in
2021. MySizeID™ can increase the sales of apparel
retailers by reducing or even eliminating their customers'
uncertainties regarding size and fit. 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,
which may lead to greater brand loyalty.
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 MySizeID™ provides
a full fashion solution for the retail industry.
Register here for a one-month free trial of MySizeID solution
for 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:
Yaniv Leibovich
Leibovich Media
yanivleib@gmail.com
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.