MySize Brazil will deliver Brazilian
retailers, brands, and e-commerce companies access to MySize's
MySizeID sizing solution and its FirstLook Smart Mirror as well as
Santista's sustainable tech solutions
PAULO, Brazil, and AIRPORT CITY, Israel, Aug. 24,
2022 /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 joint venture
with Santista Têxtil, a pioneering innovator in the Brazilian denim
market. The joint venture marks the dedication of both companies to
helping the retail industry exceed its sustainability goals through
technology, expanding the reach of both Santista and MySize to
hundreds of leading Brazilian brands and e-tailers in the country's
$33 billion apparel market.
Santista has 93 years of experience in the Brazilian market and
has become a national and global leader in fashion, trends,
quality, and innovation by creating premium textiles that use the
latest technology and sustainable solutions.
Through the joint venture, MySize's products will be directly
marketed to Santista's extensive customer base which includes local
and international well-known brands. Access to MySizeID can reduce
returns for these brands by up to 50% and increase the average size
order. In addition, the recently launched FirstLook Smart Mirror,
an interactive, mirror-like touch display for physical stores that
offers personalized fit and product recommendations, will be
The MySize-Santista joint venture is designed to reduce
expenses, boost average order size, and put sustainability front
and center. Every year, returns cost retailers worldwide a
staggering $642.6 billion and only
48% of returns can be resold at full price, while 5 billion pounds
of returns end up in landfills. In fact, retailers spend as much as
66% of the price of a product to process a return. MySize's joint
venture with Santista aims to address these issues in a meaningful
and effective way, positively impacting businesses and consumers
"Santista is a consolidated brand in the Brazilian market and a
leader in using innovative technology and sustainable solutions to
improve and advance the fashion industry. Having them as our
partner in our joint venture showcases the strength of our
solutions and the importance of sizing technology in the retail
industry," said Ronen Luzon, CEO, and Founder of MySize. "Now
Brazilian retailers will be able to meet their economic and
environmental goals, meeting and exceeding the needs of their
"MySizeID and FirstLook Mirror are excitingly innovative
products that offer attractive advantages to fashion retailers,"
said Gilberto Stocche, CEO of Santista. "Focus on sustainability is
part of Santista's DNA, and all of our projects are created with
sustainable development, not just in preventing damage to the
earth, but improving its health. We believe our joint venture with
MySize will do all this while giving customers exactly what they
need to foster successful businesses: an effective reverse
logistics solution that is proven to significantly reduce returns
while bolstering customer experience."
About Santista Têxtil
Santista Têxtil is an industry of Brazilian origin created in
1929, it is one of the main producers of authentic denim in the
country and fabrics for professional clothing. With a positioning
that extends from the national to the international market,
supporting its customers with specialized teams of product, fashion
and laundry consulting. Recognized for 25 years as the TOP OF MIND
brand of uniforms in Brazil.
Santista Têxtil brings in its DNA innovation, sustainability and
tradition in fashion collections updated with global trends in
addition to technological products for uniforms.
For more information, visit: www.santistasa.com.br
About MySize Inc.
MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) is an omnichannel
e-commerce platform and provider of AI-driven measurement solutions
to drive revenue growth and reduce costs for its business clients.
Orgad, its online retailer platform, has expertise in e-commerce,
supply chain, and technology operating as a third-party seller on
Amazon.com and other sites. MySize recently launched FirstLook
Smart Mirror, a mirror-like touch display that provides in-store
customers an enhanced shopping experience and contactless checkout.
FirstLook Smart Mirror extends MySize's reach into physical stores
and is expected to contribute to revenues through unit sales and
recurring service fees.
MySize 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 measurement technology
is driven by several algorithms that are able to calculate and
record measurements in a variety of novel ways.
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Please click here for a demonstration of how MySizeID
provides a full sizing solution for the retail industry.
Register here for a free plan of MySizeID solution for
your online store.
Please click here to download MySizeID for iOS.
Please click here to download MySizeID for
To learn more about MySize and for additional information,
please visit: our website: www.mysizeid.com.
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
Or Kles, CFO
Brazil Press Contact:
Erika Sena •
Yasmin Ayache •
SOURCE MySize, Inc.