Reducing size-related returns supports Natura's core value
of sustainability
AIRPORT CITY, Israel ,
Jan. 17,
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 Spain-based Natura has fully implemented and
gone live with the Naiz Fit sizing solution, a MySize product.
Customers shopping at Natura's online stores and as well as its
200 physical stores throughout Spain, Portugal, Italy, and Andorra may now use the Naiz Fit app to take
their personal measurements and match their ideal fit with Natura's
apparel collections.
Natura, which means "the set of elements and forces that make up
the universe" in Spanish, is committed to living in harmony with
nature and making the world a better place with its unique and
environment-friendly products including a broad selection of
apparel for women, men, and children. Through the Natura Award, the
company has been creating a positive impact around the world by
supporting more than 70 humanitarian aid and nature protection
projects since 1994.
Chiara Castellano, Head of
eCommerce for Natura commented, "Our stated goal since our
company's founding has been finding a balance between profits and
principles. We are happy to implement the Naiz Fit sizing solution
as it powers Natura's core principle of environmental
sustainability while also improving our business economics and
profits—it really delivers the best of both worlds. Having recently
integrated the Naiz Fit solution, we expect our customers to
experience even better fit and comfort with clothing purchases at
our online and physical stores, thereby significantly reducing
returns and associated waste."
"Based on our experience with major leading brands, we know that
retail customers who use our sizing solutions shop with confidence,
increasing their purchases by nearly 40%, with returns reduced by
approximately 50%. We are very pleased to partner with Natura to
support their eco-driven mission," stated MySize CEO and Founder,
Ronen Luzon.
"This latest customer implementation is a direct result of our
acquisition of Naiz Fit in Q3 2022. Their technology and stellar
management team have fortified MySize's foothold in the European
apparel market," Luzon concluded.
Naiz Fit and MySize ID are a software-as-a-serve (SaaS) products
offered to fashion brands and retailers worldwide.
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
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. 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,
and Twitter.
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.
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, 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.
Investor Contacts:
Or Kles, CFO
ir@mysizeid.com
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SOURCE MySize