MySize Inc Seeing ‘Positive Reactions’ From Retailers After Using Its MySizeID Technology

April 8, 2021 |

Proactive Investors

My Size Inc (NASDAQ:MYSZ) (TASE:MYSZ) CEO Ronen Luzon tells Proactive the Airport City, Israel-based group says its been seeing ‘positive reactions’ from retailers, like Levi Strauss & Co.(NYSE:LEVI), after using its MySizeID technology. Luzon says when My Size licenses out its technologies as a pilot program to groups like Levi’s, those groups have seen a decrease in consumer clothing returns by around 50%. Luzon says the group is continuing these pilot programs with various retailers, and is working towards receiving patents on the technology in countries like Japan and in Europe.