AIRPORT CITY, Israel, March 26,
2021 /PRNewswire/ -- MySize, Inc (the "Company"
or "My Size") (NASDAQ: MYSZ) (TASE: MYSZ), the developer and
creator of e-commerce measurement solutions, today announced the
full integration of their e-commerce shoe sizing solution directly
to retailers' websites. The integrated sizing solution, which joins
a growing list of additional capabilities to the MySizeID platform,
which includes garment and shoe recommendations. This latest
addition is intended to enhance customers' online shopping
experience and reduce the hassle of returns for retailers.
![MySize Logo MySize Logo](https://mma.prnewswire.com/media/689689/MySize_Logo.jpg)
Through MySize's hyper-accurate shoe sizing solution seamlessly
built-in as a feature on retailers' sites, customers will benefit
from an ultra streamlined shopping experience, allowing them to
virtually obtain fits for a brand's shoes without needing to
download an app. Retailers can provide customers with an incredibly
accurate and user friendly sizing solution that will boost their
bottom lines and significantly cut down on returns.
As e-commerce footwear sales are slated to reach $21.4 billion in 2021, alongside market size
growth recorded at 9.0% per year on average between 2016 and 2021,
it's clear that online shoe sales are a major source of revenue for
retailers. But as up to 40% of online footwear purchases are
returned, sellers are struggling with costs that top billions
annually. The industry is well-positioned to embrace technology
that gives customers peace of mind regarding their fits and reduces
the risk of returns for retailers.
The MySize footwear sizing solution is easy to implement and is
"plug and play" with leading e-commerce platforms Shopify,
WooCommerce, Lightspeed, Magento, and more. By pairing a footwear
retail's product table, GTIN, description, and other relevant
details with MySize's AI-driven and machine learning algorithms
online shoppers will be presented with a highly accurate size
recommendation, which is expected to increase confidence and reduce
returns.
MySize has repeatedly demonstrated the positive impact of its
highly accurate online sizing solution in the online apparel
industry, reducing returns by as much as 50%, and increasing
average order value by as much as 30%. Utilizing this same
technology, MySize's footwear solution enables customers to receive
a highly accurate shoe size recommendation that is saved, using the
current wizard.
"When customers can order the right size without needing to jump
through hoops or rely on guesswork, both the retailer and the
consumer win," said Ronen Luzon, CEO, and Founder of MySize. "By
bringing our highly accurate sizing tech directly to retailers'
sites, we're empowering larger numbers of customers to obtain the
right fit for them, and increasing accessibility to those who may
not have wanted to take the extra step of downloading the app. In
2021, consumers expect an online shopping experience that covers
them from A to Z, and with our built-in sizing feature, retailers
can provide their customers with the very best virtual fits."
About MySize 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 that 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 hereto 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
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SOURCE My Size Inc.