AIRPORT CITY, Israel,
June 10, 2021 /PRNewswire/
-- MySize, Inc, (the "Company" or "My Size") (NASDAQ:
MYSZ) (TASE: MYSZ), the developer and creator of smartphone
measurement solutions, today announced a partnership with Bitrix,
Russia's largest eStore platform.
MySize's AI-driven sizing solution and personal fit recommendations
will be made available to e-commerce sellers on the Bitrix
platform, bringing highly accurate footwear and apparel sizing to
millions of online shoppers.
Bitrix is Russia's market
leader in content management systems (CMS) for e-commerce
businesses, serving an estimated 71% of the industry. Russia-based online retailers use Bitrix, and
millions of customers who shop on their sites have potential access
to MySize's online sizing solution. The solution has been proven to
reduce returns by as much as 50%, and increase average order value
by as much as 30%. MySize is a trusted partner of leading brands
and e-commerce platforms including Shopify, WooCommerce,
Lightspeed, Magento, and more.
The highly accurate sizing integration is expected to
dramatically cut down on the number of people ordering products
that are the wrong fit for them, which is critical as apparel and
footwear retailers contend with up to 40% return rates. Providing
customers with the correct size the first time means that MySize
helps to transform orders that would have likely ended up as
returns into successful sales where customers purchase products
that they are significantly more likely to keep.
Users of the MySize app, which leverages sensors already built
into customers' smartphones, can instantly obtain highly accurate
clothing sizes in any brand's apparel. While browsing online,
customers can find out exactly which size of an item is the ideal
fit for them from the comfort of their homes, without the need for
a visit to a brick-and-mortar store. The app gives customers a
perfect shopping experience free of dressing rooms and check-out
lines while providing peace of mind around fit equivalent to
physically trying on a product.
"Our company goal is to make things easier on both the consumer
and the business. By providing customers with highly accurate
sizing that takes the guesswork out of online shopping, we're
boosting their confidence and taking away the headache of potential
returns before they happen," said Ronen Luzon, CEO, and Founder of
MySize. "Our partnership with Bitrix is also important when it
comes to helping stores compete. We're bringing advanced sizing
capabilities leveraged by leading retailers to thousands of
e-stores, many of them small businesses that will now be able to
offer a superior customer experience."
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
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SOURCE My Size Inc.