Implementation of MySizeID supports Diesel's "Stand for
the Planet" corporate commitment to reaching net-zero GHG emissions
AIRPORT CITY, Israel, Jan. 5, 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 that Estudio de Moda S.A.S., a leading Colombia-based retail company with a portfolio
of brands including Diesel, Celio, Superdry, Marithe François
Girbaud, Replay, is set to implement the MySizeID sizing solution
on its Diesel Colombia ecommerce
MySizeID uses sophisticated algorithms and AI to match shoppers
with an optimized fit based on a brand's product-specific sizing
chart. More accurate size recommendations lead to better fit and
reduced size-related returns. An estimated 70% of ecommerce returns
are size related, leading to unnecessary environmental and carbon
"Estudio de Moda is a trusted
Colombian partner to the top fashion brands in the world. Our
commitment to the environment matches our passion for fashion,"
stated Juan Camilo Alvarez,
President of Estudio de Moda. "The
Diesel for Responsible Living philosophy is the backbone of
Diesel's action plan to achieve net-zero GHG emissions by 2030
through its Stand for the Planet program. When looking for a way to
reduce size related returns in Colombia, MySizeID was the ideal solution
because its performance is backed by solid data."
"We are pleased to work with Estudio de
Moda and help Diesel, one of the top denim brands in the
world, achieve their environmental goals while delivering the added
benefits of more satisfied customers and improved operating
economics," commented MySize CEO and Founder, Ronen Luzon. "The numbers speak for themselves.
After implementing MySizeID, another denim fashion brand reduced
size related returns by approximately 45%."
MySize's sizing solutions, MySizeID and Naiz Fit, are
software-as-a-serve (SaaS) products offered to fashion brands and
About MySize Inc.
MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) is an omnichannel
e-commerce platform and provider of AI-driven measurement solutions
including MySizeID and recently acquired Naiz Fit 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
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. To learn more about
MySize, please visit our website: www.mysizeid.com.
We routinely post information that may be important to investors
in the Investor Relations section of our website. Follow us
on Facebook, LinkedIn, Instagram,
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.
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, including statements
related to the acquisition, expected revenues, and the expected
closing of the acquisition. 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 may 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.
Or Kles, CFO
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SOURCE My Size Inc.