AIRPORT CITY, Israel,
Nov. 15, 2021 /PRNewswire/
-- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA)
("MySize" or the "Company"), the provider of AI-driven
measurement solutions to drive revenue growth and reduce costs for
its business clients, is pleased to announce that it has expanded
its presence in Russia with four
tier 1 retailers and several other retailers for MySize's AI-driven
measurement solutions.
The tier 1 retailers are Lacoste, SimaLand, SuperStep, and The
Kooples. Additional retailers include MonoMio, Swimlane, RusPublica
and 1001dress.
Ronen Luzon, Chief Executive Officer of MySize, commented,
"While we have been active in Russia over the past year, the addition of
these new retailers greatly increases our presence in Russia. It is coming at an ideal time, as the
2020 pandemic-related crisis boosted e-commerce sales in
Russia, which had a positive
impact on online apparel trade. We look forward to working with
these brands in improving their conversion rates and lowering their
return rates, resulting in a better customer experience and cost
savings."
Lacoste S.A. is a French company, founded in 1933, sells
clothing, footwear, sportswear, eyewear, leather goods, perfume,
towels and watches. The company can be recognized by its green
crocodile logo. In November 2012,
Lacoste was bought outright by Swiss family-held group Maus
Frères. The legal entity representing the brand in Russia is LODE LLC.
Sima-land is the largest wholesale company in
Russia, established in 2000. The
company sells goods from 50 countries of the world with over
1,000,000 different products for home, work and leisure. In 2021,
the company employs over 11,000 people, and the average monthly
number of visits to the company's website is 20 million
users. The company develops and manufactures products under
dozens of brands: from children's clothing and toys to pet supplies
and home textiles.
Superstep is the largest multi-brand shoe store in
Russia. The stores of the chain
collect the world's leading brands of shoes in the lifestyle
segment (Lacoste, Tommy Hilfiger,
Fred Perry, Hugo Boss, Polo Ralph Lauren, UGG, Jog Dog,
Timberland, Wrangler, Palladium,) and sports shoes for every day
(Asics, Keds, Converse, Superga, Onitsuka Tiger, The North Face,
New Balance, Nike, Diadora), etc. Each of these brands is well
known and has established itself on the Russian market. In addition
to popular models, SuperStep also offers rare, customized
collections. The legal entity representing the brand in
Russia is INTERMODE LLC.
The Kooples is the French luxury apparel and accessories
brand. The ideology of the company is universal clothing for
couples of all ages and orientations in unisex style. Clothes of
this brand are outwardly ordinary and discreet, but they contain
details that give them an indescribable chic. In 2019, the brand
was bought by the French LACOSTE, which is part of the Swiss
holding MAUS FRERES. The legal entity representing the brand in
Russia is KORU LLC.
Additional newly clients signed in Russia:
- MonMio is a Swiss brand of lingerie and beauty products.
The company was founded under the auspices of the International
Investment Fund and entrepreneurs with experience in managing large
global corporations.
- Swimlane is an international online boutique of luxury
swimwear, beachwear and accessories.
- RusPublica is a Russian brand of fashionable designer
clothes, representing author's clothing collections and exclusive
jewelry and accessories.
- 1001dress is the largest online store of dresses in
Russia with its own
production.
MySize provides AI-driven measurement solutions to
drive revenue growth and reduce costs for its business
clients. MySize's proprietary measurement technology is
based on sophisticated algorithms and cutting-edge technology and
has broad applications, including the apparel, e-commerce, DIY,
shipping, and parcel delivery industries. Its unique
measurement technology application is the perfect solution to
improve sizing efficiencies, increase conversion rates and lower
return rates, resulting in a better customer experience and cost
savings. The easy-to-use, plug-and-play widget is seamlessly
integrated into e-commerce websites, enhancing customers' online
shopping experience and boosting their engagement levels and
confidence in the brand.
About MySize, Inc.
MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) 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 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.
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. 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.
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https://mma.prnewswire.com/media/689689/MySize_Logo.jpg
U.S. Press Contact:
Strauss Communications
joel@strausscomms.com
www.strausscomms.com
Investor Contacts:
Or Kles, CFO
ir@mysizeid.com
Brian Loper
ClearThink
bloper@clearthink.capital
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SOURCE My Size Inc.