AIRPORT CITY, Israel,
July 2, 2018 /PRNewswire/
-- MySize, Inc. (the "Company" or "MySize") (NASDAQ: MYSZ)
(TASE: MYSZ), the developer and creator of smartphone measurement
applications, today announced it has opened registration for online
retailers utilizing third party e-commerce platforms that wish to
integrate MySizeID™ into their online stores. Fashion and apparel
retailers can take the first step toward deploying the MySizeID™
turnkey technology to improve apparel and fit for customers by
completing the online registration process.
E-commerce platform providers offer established and new
retailers a quick, turnkey method of creating and managing their
online store – including access to third party applications that
the retailers can easily incorporate into their sites to optimize
their business. MySize has developed a version of its MySizeID™
measurement technology that seamlessly integrates into a retailer's
online store, directly into the website's e-commerce platform.
Registration for retailers is simple and can be completed in less
than two minutes.
"The problems of sizing and returns for online retailers is not
new. While large retailers are better equipped to withstand the
high cost of size-based returns, these costs are a far bigger
burden for smaller and independent retailers who do not have a
solution that can provide a better customer experience and improve
their bottom line – until now," said Ronen Luzon, CEO, My Size, Inc. "According to Endadget, the top
three e-commerce platform providers alone host more than 1.1
million websites. Magento retailers sold $101B in merchandise in 2016, and Shopify
retailers sold $26.3 billion in
merchandise in 2017. MySize and its MySizeID™ solution gives any
internet retailer a more accurate and efficient sizing solution to
increase sales and minimize returns. Today we take a critical step
toward meeting that market need. "
The MySizeID™ app is a turnkey solution that helps any
merchant's customers choose the appropriate apparel size for that
specific brand, based on the shopper's real measurements. MySize's
innovative technology enables consumers to measure themselves once
using their smartphone and then be matched with a brand-specific
apparel item in their size. After being launched on an
e-commerce platform, store owners will be able to add the MySizeID™
app to their storefronts through a simple widget – providing their
shoppers with a more personalized experience. MySizeID™ will
also provide full back office services for data and sizing entry,
and a process for consumers to create their own personal sizing
profile, giving retailers a complete sizing solution and giving
consumers the right sized merchandise the first time.
In the online clothing market, estimated to be valued at over
$72 billion in the U.S. alone, 70% of
apparel returns are size related, while 32% of shoppers don't
purchase fashion online because of uncertainty around size and fit,
according to a Drapers Etail Report. MySizeID™ helps to address
this deficiency in the e-commerce economy and the Company believes
the technology will deliver clear and positive financial results
for retailers.
Please click here for a demonstration of how the MySizeID™
apparel retail app works.
About My Size, Inc.
MySize, 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 technology is driven by several
algorithms which are able to calculate and record measurements in a
variety of novel ways. To learn more about MySize, please visit our
website. http://www.mysizeid.com.
Follow us on Facebook, LinkedIn and Twitter.
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:
Matthew Bretzius
FischTank Marketing & PR
matt@fischtankpr.com
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SOURCE My Size Inc.