AIRPORT CITY, Israel,
Dec. 31, 2020 /PRNewswire/ -- MySize,
Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE: MYSZ), a
developer of smartphone-based measurement solutions, today
announced that MySizeID delivered over 12 million size
recommendations in 2020. MySizeID has repeatedly demonstrated and
been proven that increased customer confidence in accurate size
selection significantly increases shopper conversion and reduces
returns.
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 accurately
matched with a brand-specific apparel item in their personal
size.
"Size recommendations by MySizeID assisted over one million
shoppers in 58 countries (in nine languages), to confidently
purchase 600,000+ apparel items online, in support of 250+ brands
in 2020, and this trend is expected to increase further in the new
year," said Ronen Luzon, CEO of MySize. "More than 12 million sizes
were recommended by MySizeID this year and we anticipate continued
growth in 2021 as a result of the great e-commerce transformation
this year, due to the pandemic. Our various pricing plans with our
customers are generally based on Price Per Size Recommendations
(PPSR), which vary between $0.01-
$0.10, plus a yearly maintenance
fee."
Mr. Luzon continued, "We are experiencing increasing demand from
retailers worldwide that are looking for an end-to-end solution
that helps consumers confidently choose their appropriate size and
fit while shopping online. Our technology helps consumers buy
with confidence, enhance the shopping experience, and foster brand
loyalty."
For the latest news coverage, please follow the company on
Facebook, LinkedIn, Instagram and Twitter.
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 measurement 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. 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 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 Android.
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.
U.S. Press Contact:
Strauss Communications
joel@strausscomms.com
www.strausscomms.com
IR Contact:
Or Kles, CFO
ir@mysizeid.com
Logo -
https://mma.prnewswire.com/media/689689/MySize_Logo.jpg
View original content to download
multimedia:http://www.prnewswire.com/news-releases/mysize-delivers-over-12-million-size-recommendations-in-2020-301199612.html
SOURCE My Size Inc.