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.
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