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MySize Inc. Expands Naiz Fit Platform with Acquisition of ShoeSize.Me, Adding AI-Powered Footwear Sizing to Its Fashion Tech Roll-Up Strategy
Prnewswire· 2025-09-11 12:00
Core Insights - MySize, Inc. has acquired ShoeSize.Me, a European SaaS company specializing in AI-powered footwear sizing solutions, to enhance its B2B and technology portfolio [1][2][3] Group 1: Acquisition Details - The acquisition is structured primarily as a share deal, with MySize issuing 241,093 shares and a cash payment of $150,000 to the sellers of ShoeSize.Me [5] - ShoeSize.Me serves over 20 fashion retailers, including key clients like Alshaya Group, and is projected to exceed €0.5 million in SaaS revenues in 2025 [2][3] Group 2: Strategic Implications - This acquisition aligns with MySize's strategy to consolidate its position in the fashion tech industry by integrating ShoeSize.Me under the Naiz Fit umbrella, creating a unified platform for sizing and fit solutions across apparel and footwear [2][3][4] - The combined data assets from ShoeSize.Me, which include analysis of over 92 million consumer shopping experiences and 1.2 million shoe models, will enhance MySize's data strategy and product innovation capabilities [3][4] Group 3: Market Positioning - MySize aims to redefine consumer fit experiences and help retailers reduce returns and improve margins through the integration of ShoeSize.Me's technology [4] - The acquisition is part of MySize's broader strategy to identify and acquire synergistic businesses that strengthen its SaaS portfolio and data assets, positioning the company as a key technology consolidator in the fashion e-commerce sector [4]
MySize Reports Second Quarter 2025 Financial Results; Narrows Losses and Positions Percentil as a Leader in Europe's Circular Fashion Economy
Prnewswire· 2025-08-15 13:24
Core Insights - MySize has acquired Percentil to enhance its position in the European circular fashion economy, driven by new EU regulations on sustainability in apparel [1][3] - The CEO emphasizes that the EU's regulatory changes present opportunities for growth rather than obstacles, positioning Percentil as a key player in compliance and market expansion [2][5] Company Performance - MySize reported revenue of $2.0 million for Q2 2025, a 2% increase year-over-year, while H1 2025 revenue was $3.5 million, down 30% year-over-year due to decreased Orgad sales [7] - Gross profit for Q2 2025 was $1.1 million, up 14% year-over-year, but down 30% for H1 2025 at $1.5 million [7] - The operating loss improved by 49% in Q2 2025 to $586,000, and by 25% in H1 2025 to $1.6 million [7] - Cash position stood at $4.28 million as of June 30, 2025, with $2.90 million in inventory [7] Strategic Initiatives - Percentil is positioned to help brands comply with EU regulations on product lifecycle management, including take-back, recycling, and repair [3][4] - MySize is leveraging a triple-revenue model to create operational synergies and recurring cash flow, with expectations for Percentil's contribution to increase in H2 2025 [6] - The company aims to be at the center of the European fashion resale infrastructure, anticipating that resale will become a mainstream aspect of the industry within five years [5] Market Trends - The acquisition aligns with a structural shift in the fashion industry towards sustainability, driven by regulatory requirements and consumer demand [4][8] - Percentil's capabilities in AI-powered product matching and logistics integration are highlighted as essential for brands navigating the evolving market landscape [4][8]
MySize CEO Letter to Shareholders - Mid-Year 2025
Prnewswire· 2025-08-07 13:00
Core Insights - MySize is transitioning from a sizing company to a comprehensive Retail Intelligence Engine for fashion retail, aiming to empower brands through a connected ecosystem [2][11] - The company has strategically acquired Naiz Fit, Orgad, and Percentil to enhance its platform and create exponential value through integration [4][8] - MySize has accumulated a rich dataset that enables clients to make informed decisions, thereby reducing returns and optimizing product performance [6][11] Business Strategy - The company is focused on executing its new business strategy in 2025 after laying the groundwork in 2024 [1] - MySize emphasizes a disciplined approach to investment in AI, integration, and automation while maintaining a strong financial runway through 2027 [9][10] - The company operates with a lean structure, allowing each unit to contribute to revenue and learn from one another [10] Market Position - The apparel industry is undergoing significant transformation, with regulation, returns, resale, and relevance shaping its future [10][11] - MySize is positioned to play a pivotal role in this evolution by providing intelligent, sustainable, and profitable solutions for brands [11] - The company believes that controlling the intelligence layer in retail will allow it to manage the flow of information and resources effectively [11]
MySize Launches NaizGPT - Conversational AI Assistant for Retail Teams
Prnewswire· 2025-07-30 13:00
Core Insights - MySize Inc. has launched a pilot program for NaizGPT, a conversational AI assistant tailored for retail teams, allowing e-commerce professionals to interact with data through natural language instead of traditional dashboards [1][3] - The pilot program is currently being tested by select teams using the Naiz Fit platform, with early feedback indicating strong user engagement and deeper data analysis capabilities [2][3] Group 1: Product Development - NaizGPT processes data from MySize's sizing recommendation engine, providing contextual insights through conversational queries, enhancing the understanding of metrics like return rates [2][3] - The company plans to integrate NaizGPT with its Smart Catalog technology and additional data sources, expanding its functionality beyond sizing teams to include merchandising, marketing, and inventory [3][4] Group 2: Future Plans - MySize expects to transition NaizGPT from pilot to commercial availability in Q4 2025, aiming to establish it as the leading conversational AI platform for retail [4] - The long-term vision is for every retail team to engage in conversations with their data, obtaining instant and actionable insights [4] Group 3: Company Overview - MySize Inc. is recognized as a global leader in AI-powered size recommendation and digital commerce platforms for the fashion industry, with solutions aimed at improving fit, reducing returns, and enhancing the customer journey [5]
MySize Inc. Acquires Key Assets of Percentil: Expanding into Circular Fashion and Re-Commerce
Prnewswire· 2025-05-12 13:49
Core Viewpoint - MySize, Inc. has acquired key assets of Percentil, a second-hand fashion marketplace, to enhance its B2B and B2C portfolio and align with upcoming EU regulatory requirements for sustainable fashion [1][9]. Company Strategy - The acquisition aims to reposition Percentil as a premium marketplace focused on higher-value items, reflecting consumer demand for quality and sustainability [3][4]. - MySize's strategy emphasizes building a profitable, scalable, and sustainable circular fashion business from the outset, prioritizing cash-efficient scaling and EBITDA-positive returns [4][5]. Financial Details - The total transaction value for the acquisition is approximately €610,000 (about $679,000), including a cash payment of €40,000 (approximately $44,500) and the assumption of liabilities totaling around €570,000 (approximately $634,500) [4]. - MySize anticipates that the Percentil business unit will generate $1.5 million in revenues in the second half of 2025, representing a projected 25% increase in total revenue [4]. Market Positioning - The acquisition is strategically timed to align with EU regulations requiring brands to implement reuse and recycling frameworks, positioning Percentil as a key partner for fashion brands [9][10]. - The total addressable market for second-hand and circular fashion in Western Europe is projected to exceed $25 billion by 2027 [6]. Integration and Synergies - MySize plans to integrate its proprietary AI technology into Percentil's platform to optimize pricing, enhance product recommendations, and improve operational efficiency [8]. - The acquisition creates synergies with existing MySize portfolio companies, such as Naiz Fit and Orgad, to enhance logistics and reduce returns [7]. Operational Assets - MySize acquired select operational assets from Percentil, including a central warehouse, quality control systems, and a stock of over 120,000 quality-vetted garments [12].
MySize CEO Letter to Shareholders - 2025 Strategic Outlook
Prnewswire· 2025-04-21 13:00
Core Insights - MySize, Inc. is actively pursuing mergers and acquisitions to enhance growth opportunities, focusing on the second-hand apparel and AI shoe technology sectors [3] - The company is progressing towards cash-flow breakeven and profitability through a roll-up strategy, integrating acquired companies and targeting financially disciplined acquisitions [4] - In 2024, MySize achieved 18% year-over-year revenue growth, doubled cash reserves, and reduced net loss by 37%, indicating strong financial momentum [6] Strategic Developments - The company has signed two Letters of Intent (LOIs) for potential acquisitions, reflecting its strategic intent to expand into high-potential verticals [3] - MySize is reinforcing its leadership team with experienced executives to support scaling operations while maintaining strategic discipline [5] - The integration of Orgad and Naiz Fit is already yielding positive results in revenue generation and operational efficiency [4] Technological Advancements - MySize is leveraging data from its group companies, particularly Naiz Fit, to develop AI-driven solutions that optimize retail performance and consumer interactions [7] - The combination of AI, big data, and strategic acquisitions positions MySize at the forefront of the retail technology revolution [8] - The company aims to create long-term value for shareholders through sustainable and innovation-led business practices [8]