AIRPORT CITY, Israel , May 25, 2021 /PRNewswire/ -- MySize,
Inc (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE:
MYSZ), the developer and creator of smartphone measurement
solutions, today announced its successful integration of the
MySizeID widget for Levi Strauss & Co. Turkey (Levi's Turkey), a subsidiary of Levi Strauss &
Co. (NYSE: LEVI), which has reduced return rates for the
world's global leader in jeans wear.
MySize's sizing solution utilizes Levi's size charts, product
tables, GTIN, descriptions, and other relevant details, alongside
MySize's patented algorithms, to provide online shoppers with a
highly accurate size recommendation. The easy-to-use, plug-and-play
widget is seamlessly integrated into Levi's site, enhancing
customers' online shopping experience and boosting their engagement
levels and confidence in the brand.
By empowering customers with their correct size, at various
times during the pilot project MySize has helped Levi's reduce
returns by up to 47%, saving the company on costly reverse
logistics as well as strengthening Levi's commitment to
sustainability. With ecommerce returns leading to massive carbon
dioxide emissions from reverse logistics, MySize's return-stopping
tech benefits the planet, as well as the bottom line.
"We started this project as a pilot last year and now the
numbers are declining It's been a big success and that's why in
March this year we entered into an ongoing agreement with MySize to
continue to provide our customers with an easy, simple tool to
generate their ideal fit," said Ersin
Arslan, Managing Director of Levi's Turkey. "We've gotten to know our
customers better, reduced the hassle, time and expense of
merchandise returns and we've achieved all of it while becoming
more sustainable. We're beyond excited to continue this partnership
and see it expanding for an even bigger impact at Levi's in the
near future."
"We are honored to partner with Levi's Turkey and provide them with a measurement
solution that is a win for everyone - from the customers who gain a
better experience, to the business costs, and even the
environment," said Ronen Luzon, CEO of MySize. "The addition
of Levi's Turkey to our roster of
major retail brands fully adopting our solution demonstrates the
pressing need for sizing solutions and the immense impact that
MySize in particular provides."
About MySize Inc:
My Size, Inc. NASDAQ: MYSZ) (TASE: 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 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:http://www.prnewswire.com/news-releases/mysizeid-solution-helps-levis-go-green-by-reducing-return-rates-301298676.html
SOURCE My Size Inc.