MySize Inc (NASDAQ:MYSZ) has announced that its Naiz Fit and MySizeID ecommerce apparel sizing solutions have achieved several key milestones, including hitting 5 million users worldwide.
The company said 35.6 million size recommendations have been made using Naiz Fit and MySizeID and 17.9 million items have been purchased through 7 million orders using the sizing tools.
The use of MySizeID resulted in up to a 65% reduction in size-related returns compared to shoppers who did not use MySize's sizing solutions for the same SKUs at the same online stores.
"This is due to continuous improvements of our AI and machine learning tool which optimizes performance based on increased traffic and a 360-degree view of retailers' business,” MySize CEO Ronen Luzon noted in a statement.
“In addition to happy online shoppers and improved economics for retailers, these numbers have a profound impact on carbon footprint reduction.”
A total of 100,000 items are now available for sizing using Naiz Fit and MySizeID, with the sizing solutions available in 13 languages.
Retailers using Naiz Fit and MySizeID include Levi's, Moschino, Superdry, Speedo, Canali, Dockers, U.S. Polo Association, Desigual, El Ganso and Alberta Ferretti.
MySize is an omnichannel ecommerce platform and provider of AI-driven measurement solutions including MySizeID and recently acquired Naiz Fit to drive revenue growth and reduce costs for its business clients.
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