MySize’s New Smart Catalogue SaaS Product Delivers Data to Optimize Fashion Design–Now Piloted with Top-Tier Global Fashion Brands Desigual, El Ganso, and Silbon

Knowledge-driven answer powers vogue designers to show their inspirations into patterns that match accurately for his or her market, addressing an financial and environmental downside: 30% of clothes returned isn’t resold    

AIRPORT CITY, Israel , Dec. 13, 2022 /PRNewswire/ —  MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) (“MySize” or the “Firm”), an omnichannel e-commerce platform and supplier of AI-driven measurement options to drive income development and scale back prices for its enterprise purchasers, as we speak introduced that Naiz Match, its lately acquired Spain-based vogue tech firm, is take a look at piloting Good Catalogue with a number of of its present prospects. Good Catalogue is an revolutionary new software-as-a-service (SaaS) based mostly answer that helps vogue designers create patterns that optimize match, with the purpose of lowering unsold gadgets, bettering economics for vogue manufacturers and retailers, whereas lowering environmental footprint.

Practically 30% of all garment purchases returned to shops are by no means bought, turning into “useless inventory”, in keeping with the Australian Round Textile Affiliation. Fashion United UK studies that unsold stock is a considerable problem for among the prime vogue manufacturers on the earth, together with a fast-fashion international firm that’s sitting on billions value of unsold stock, whereas a luxurious model has destroyed thousands and thousands of {dollars} value of unsold stock as a substitute of promoting at a reduction. Past the big price for vogue manufacturers and the atmosphere, prospects who cannot discover the best match are additionally left unhappy.

Good Catalogue immediately addresses these challenges by offering vogue designers with demographic and site particular information about buyer physique morphology and match preferences. Delivered by means of a user-friendly software program platform, Good Catalogue allows knowledgeable selections.

Main retail manufacturers at present piloting Good Catalogue embrace Spain-based Desigual, El Ganso, and Silbon, all of that are MySize prospects utilizing the Naiz Match sizing answer.

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Desigual’s Innovation Chief, Eva Sirera commented, “With the pilot of Good Catalogue, our designers will profit from the wealth of knowledge accessible on the user-friendly platform. Trend collections are coming to life by means of designs and particular patterns which might be particularly tailor-made to the demographics and areas by which we promote. We anticipate to see higher stock efficiency and extra happy prospects in consequence.”

“We developed Good Catalogue based mostly on a transparent want available in the market for a data-driven answer that addresses attire match points at its very supply, through the design part. We’re empowering and supporting the creatives within the vogue trade by informing their instinct with information. We imagine higher match results in happier retailer buyers, leading to improved gross sales for our vogue model prospects,” acknowledged Naiz Match CEO & Co-Founder, Borja Cembrero Saralegui.

“Good Catalogue is a key asset that Naiz Match dropped at MySize. The SaaS subscription-based enterprise mannequin and the worth that the answer delivers to retailers is an ideal match for MySize’s proprietary vogue tech pipeline,” acknowledged MySize CEO Ronen Luzon.

About MySize Inc.

MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) is an omnichannel e-commerce platform and supplier of AI-driven measurement options together with MySizeID and lately acquired Naiz Match to drive income development and scale back prices for its enterprise purchasers. Orgad, its on-line retailer platform, has experience in e-commerce, provide chain, and expertise working as a third-party vendor on Amazon.com and different websites. MySize lately launched FirstLook Good Mirror, a mirror-like contact show that gives in-store prospects an enhanced buying expertise and contactless checkout. FirstLook Good Mirror extends MySize’s attain into bodily shops and is anticipated to contribute to revenues by means of unit gross sales and recurring service charges.

MySize has developed a singular measurement expertise based mostly on refined algorithms and cutting-edge expertise with broad functions, together with the attire, e-commerce, DIY, delivery, and parcel supply industries. This proprietary measurement expertise is pushed by a number of algorithms which might be in a position to calculate and report measurements in a wide range of novel methods. To study extra about MySize, please go to our web site: www.mysizeid.com.

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Please click on here for an indication of how MySizeID offers a full sizing answer for the retail trade.

Register here for the MySizeID answer on your on-line retailer and here for the Naiz Fiz answer.

To study extra about MySize and for added info, please go to: our web site: www.mysizeid.com.

Ahead-looking Statements
This press launch comprises sure forward-looking statements throughout the that means of the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995, together with statements associated to the acquisition, anticipated revenues, and the anticipated closing of the acquisition. These statements are recognized by way of the phrases “might,” “imagine,” “anticipate,” “intend,” “estimate,” “anticipate,” “could,” “proceed,” “predict,” “potential,” “venture” and related expressions which might be supposed to determine forward-looking statements. All forward-looking statements converse solely as of the date of this press launch. You shouldn’t place undue reliance on these forward-looking statements. Though we imagine that our plans, aims, expectations and intentions mirrored in or advised by the forward-looking statements are affordable, we can provide no assurance that these plans, aims, expectations or intentions will probably be achieved. Ahead-looking statements contain important dangers and uncertainties (a few of that are past our management) and assumptions that might trigger precise outcomes to vary materially from historic expertise and current expectations or projections. Precise outcomes could differ materially from these within the forward-looking statements and the buying and selling value for our frequent inventory could fluctuate considerably. Ahead-looking statements are also affected by the chance components described within the Firm’s filings with the U.S. Securities and Change Fee. Besides as required by regulation, we undertake no obligation to replace or revise publicly any forward-looking statements, whether or not because of new info, future occasions or in any other case, after the date on which the statements are made or to replicate the incidence of unanticipated occasions.

Investor Contacts:
Or Kles, CFO
ir@mysizeid.com

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SOURCE My Measurement Inc.