Latest news with #RonenLuzon
Fashion United
8 hours ago
- Business
- Fashion United
Percentil acquisition drives MySize Q2 revenue, narrows operating loss
In its second-quarter report, for the quarter ending June 30, 2025, MySize announced revenue of 2 million dollars, a 2 percent increase year-over-year, largely due to the addition of Percentil. This contrasts with a 30 percent year-over-year decrease in revenue for the first half of 2025, which the company attributed to market changes affecting sales from its Orgad segment. Despite the mixed revenue results, MySize saw a significant improvement in its bottom line, with a 49 percent reduction in operating loss for the quarter, reaching a total of 586,000 dollars. MySize also strengthened its presence in Europe's growing circular fashion market with the acquisition of Percentil, a resale platform. The company's strategic move comes as new European Union legislation mandates increased durability, recyclability, and traceability for apparel. According to MySize founder and CEO Ronen Luzon, the acquisition positions the company to help brands comply with these new regulations and find new avenues for growth. "The EU is rewriting fashion's rulebook," Luzon said. "Percentil is designed to help brands comply with these new standards and unlock new opportunities for growth." Percentil, which operates in Spain and other parts of Europe, is central to MySize's strategy. The platform's capabilities in AI-powered product matching, garment grading, and logistics are designed to help brands manage the entire lifecycle of their products, a requirement of the EU's new Circular Economy Action Plan. Luzon sees this regulatory shift as a major opportunity, not a challenge. "Some companies see regulation as a hurdle. We see it as the competitive advantage," he added, noting his belief that fashion resale will become a core part of the industry's infrastructure. MySize plans to invest further in the European resale market, leveraging its three-segment business model (SaaS sizing, e-commerce, and resale) to build operational synergies and recurring revenue streams.
Yahoo
3 days ago
- Business
- Yahoo
MySize Reports Second Quarter 2025 Financial Results; Narrows Losses and Positions Percentil as a Leader in Europe's Circular Fashion Economy
New acquisition taps into EU's regulatory push for sustainable apparelCompany investing in market capture as EU legislation reshapes apparel industry AIRPORT CITY, Israel , Aug. 15, 2025 /PRNewswire/ -- With the acquisition and launch of Percentil, MySize has strengthened its position in Europe's rapidly evolving circular fashion economy — a market transformation driven by new EU legislation mandating durability, repairability, recyclability, and traceability in apparel. "We are focused on building long-term value while delivering operational progress each quarter," said Ronen Luzon, Founder and CEO of MySize. "The EU is rewriting fashion's rulebook. Percentil is designed to help brands comply with these new standards and unlock new opportunities for growth." Q2 and H1 2025 Highlights Revenue: $2.0 million in the three months ended June 30, 2025, up 2% year-over-year (YoY), primarily due to the addition of Percentil; $3.5 million in the six months ended June 30, 2025, down 30% YoY, attributable to a decrease in Orgad sales due to market changes. Gross Profit: $1.1 million in the three months ended June 30, 2025, up 14% YoY; $1.5 million in the six months ended June 30, 2025, down 30% YoY Operating Loss: $586,000 in the three months ended June 30, 2025, a 49% improvement from the corresponding period in 2024; $1.6 million in the six months ended June 30, 2025, a 25% improvement from the corresponding period in 2024 Cash Position: $4.28 million as of June 30, 2025, with $2.90 million in inventory. Percentil Contribution: $180,000 in revenue since May acquisition, with integration milestones ahead of schedule. Orgad Optimization: Transition to Fulfillment by Amazon (FBA) lowered logistics costs and improved delivery efficiency. Why Percentil Changes the Game Percentil operates in Spain and across Europe, directly in the path of the EU's Circular Economy Action Plan and Extended Producer Responsibility (EPR) for textiles. As legislation forces brands to manage the entire lifecycle of their products — including take-back, recycling, and repair — Percentil provides a ready-made platform for compliance and is not an optional trend. It is a structural shift in the fashion industry, backed by regulation and consumer demand for sustainability. Percentil's capabilities in AI-powered product matching, garment grading, and logistics integration position it as the go-to solution for brands navigating this change. CEO Commentary "Some companies see regulation as a hurdle. We see it as the competitive advantage," Luzon added. "In five years, we believe European fashion resale will not be a niche — it will be the infrastructure of the industry. We intend Percentil to be at the center of that infrastructure, enabling brands to comply, delight customers, and operate profitably in a circular economy." Strategic Highlights Three Complementary Segments – SaaS sizing solutions (MySizeID, Naiz Fit), fashion & equipment e-commerce (Orgad), and apparel resale (Percentil). Regulatory Tailwind Alignment – Designed to meet EPR, eco-design, and Digital Product Passport requirements as they roll out across Europe. Technology Differentiation – FirstLook Smart Mirror and Smart Catalog enhance both resale and retail experiences. Looking Ahead MySize is investing in long-term market capture in the European resale space, leveraging its triple-revenue model to create operational synergies and recurring cash flow. The company expects Percentil's contribution to accelerate in the second half of 2025, driven by brand partnerships and regulatory compliance demand. About MySize, Inc. MySize, Inc. (Nasdaq: MYSZ), an AI-powered fashion technology company operating across sizing solutions, e-commerce, and circular fashion platforms. Its portfolio includes Orgad, a fashion and equipment e-commerce business, and Percentil, a European resale platform operating at the forefront of the continent's circular fashion legislation. MySize's solutions empower retailers to increase conversion rates, boost average order value, and reduce returns, contributing to more sustainable commerce. The company's innovations include the FirstLook Smart Mirror and Smart Catalog for in-store and online personalization. Learn more at 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 X (formerly known as Twitter). For more information, visit Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to strategic and business plans, technology, relationships, objectives and expectations for its business, growth. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Investor ContactOren Elmaliah, CFOir@ Logo - View original content: SOURCE My Size Inc.
Yahoo
30-07-2025
- Business
- Yahoo
MySize Launches NaizGPT - Conversational AI Assistant for Retail Teams
Innovative "ChatGPT for retail" enables e-commerce teams to talk directly to their data instead of reading dashboards AIRPORT CITY, Israel, July 30, 2025 /PRNewswire/ -- MySize Inc. (NASDAQ: MYSZ), an AI-powered retail solutions company, today announced the successful launch of its pilot program, NaizGPT, a conversational AI assistant designed specifically for retail teams. Built on a retail-tuned large language model, NaizGPT enables e-commerce professionals to interact with their sizing and returns data through natural language conversations rather than traditional dashboard analysis. Pilot Phase: From Dashboards to Conversations NaizGPT is currently being tested by select teams using the Naiz Fit platform. Early pilot feedback shows strong user engagement, with digital teams conducting deeper data analysis through conversational queries such as: "What was my most returned category this month?" "Why are blazers being returned - is it a specific item or the entire category?" "Is this jacket running larger than other items in the blazer category?" "What are customers saying when they return this specific item?" The assistant processes comprehensive data from MySize's sizing recommendation engine - including size recommendations, user interactions, purchases, and returns with detailed reasoning - to provide contextual insights through natural conversation. "We're seeing teams ask follow-up questions they never thought to ask before," said Ronen Luzon, CEO of MySize. "Instead of looking at a return rate number, they are having a conversation with their data to understand the 'why' behind every metric. NaizGPT validates our vision that the future of retail analytics is conversational, not dashboard-based." Building the ChatGPT of Retail This pilot represents the first phase of MySize's broader vision to create NaizGPT as the conversational AI layer for all retail operations. Following feedback it has received during the pilot phase, My Size has plans to integrate and upgrade future versions of the assistant with MySize's Smart Catalog technology and additional data sources, expanding beyond sizing teams to serve merchandising, marketing, and inventory functions. The Company expects to move NaizGPT from pilot to commercial availability in Q4 2025, with the long-term goal of becoming the definitive conversational AI platform for retail - where every team can talk to their data and get instant, actionable insights. About MySize Inc. MySize, Inc. (NASDAQ: MYSZ) is a global leader in AI-powered size recommendation and digital commerce platforms for the fashion industry. With solutions like MySizeID and Naiz Fit, and its expansion into circular fashion through Percentil, MySize helps retailers improve fit, reduce returns, and enhance the customer journey—online and offline. 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 X (formerly known as Twitter). For more information, visit Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to the Company's strategic and business plans, technology, relationships, objectives, and expectations with respect to its new AI assistant. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. For more information or to schedule a demonstration, please contact: Oren Elmaliah, CFOEmail: ir@ Photo: View original content to download multimedia: SOURCE My Size Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
MySize Showcases AI Sizing Leadership at Drapers Social Summit 2025 Amid Growing UK Expansion
AIRPORT CITY, Israel, June 5, 2025 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ), a retail technology company transforming commerce through an AI-powered ecosystem that bridges sizing, returns intelligence, and circular commerce—enabling brands to grow profitably and sustainably across every touchpoint announces that it is participating in the Drapers Social Summit 2025 to be held on June 5, 2025. Through its Naiz Fit division, MySize will engage directly with C-level executives from some of the UK's most iconic fashion retailers during an exclusive roundtable dinner and a full day of thought leadership panels featuring executives from AllSaints, River Island, Primark, GANNI, Harrods, and more. This high-profile event comes as MySize expands its footprint in the UK market—one of Europe's most digitally advanced and sustainability-conscious retail hubs. Building on successful SaaS deployments and a robust commercial pipeline, MySize aims to establish the UK as a strategic cornerstone in its international expansion strategy. "The UK market is critical to our international growth, and this event is a milestone in deepening our relationships and sharing our vision with fashion's top decision-makers," said Ronen Luzon, CEO of MySize Inc. "Our AI technology is already delivering measurable impact, and we're excited to partner with forward-thinking UK brands to drive conversion, reduce returns, and elevate the customer experience." The Company will spotlight its SizeForm, True Feedback, and Smart Catalogue solutions—technologies that have collectively delivered a 5.7x lift in conversion, 27% increase in average order value, and 14% reduction in returns across leading global fashion clients. With dozens of active brand deployments and continued momentum following a successful showing at NRF and CES 2025, MySize is strategically positioning itself to capture demand from UK fashion brands seeking to optimize operations, deliver personalization at scale, and meet growing sustainability mandates. About MySize Inc. MySize, Inc. (NASDAQ: MYSZ) is a global leader in AI-powered size recommendation and digital commerce platforms for the fashion industry. With solutions like MySizeID and Naiz Fit, and its expansion into circular fashion through Percentil, MySize helps retailers improve fit, reduce returns, and enhance the customer journey—online and offline. 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 X (formerly known as Twitter). For more information, visit Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to the Company's strategic and business plans, technology, relationships, objectives, and expectations for its business, growth. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. For more information or to schedule a demonstration, please contact: Oren Elmaliah, CFOEmail: ir@ Sources:[1] Statista – UK Fashion Market Value (2024): [2] Drapers – Future of Fashion Event Overview: McKinsey & Company – The State of Fashion 2024 Report: Logo - View original content: SOURCE My Size Inc.
Yahoo
18-05-2025
- Business
- Yahoo
MySize Bets On Fashion Resale With Percentil Acquisition
Israel-based e-commerce and AI-driven apparel-sizing firm MySize aims to expand its reach in fashion resale and up its circularity profile with the acquisition of European second-hand fashion marketplace Percentil. Percentil was founded in Spain to promote second-hand fast fashion from brands such as Zara, Mango and Massimo Dutti. The retailer filed for bankruptcy in February, citing competition from fast-fashion brands such as Shein as a factor. With its acquisition, MySize will reposition the platform as a premium marketplace focusing on higher-value items and an elevated re-commerce experience. More from Sourcing Journal Rising Prices, Falling Confidence: Secondhand Retail Steps Up Up Close: In Conversation with Archive Co-founder and CEO Emily Gittins ThredUp Launches Vintage Popup with Beyond Retro 'Our goal with Percentil is clear: Build a profitable, scalable and sustainable circular fashion business from day one,' said Ronen Luzon, CEO of MySize, Inc. 'This is not about growth at all costs. We are focused on smart, cash-efficient scaling—with a model that generates EBITDA-positive returns from the very beginning.' MySize sees the deal as a potentially profitable investment, as the total transaction value was around approximately 610,000 euros (approximately $679,000), consisting of a 40,000-euro (approximately $44,500) cash payment made by one of MySize's wholly-owned subsidiaries and the assumption of certain customer and labor liabilities and debt and social security payments in the aggregate amount of approximately 570,000 euros (approximately $634,500). MySize financed the acquisition through existing cash reserves without the issuance of additional shares or debt. MySize expects the Percentil business to generate $1.5 million in revenue in the second half of 2025, representing a projected 25-percent increase to the company's total revenue and a step-function improvement in group profitability. 'We believe this to be a strategically sound and financially compelling acquisition,' Luzon said. 'With a minimal upfront investment, we believe that we've secured a revenue-generating business with deep logistics capabilities, a growing customer base and a model that's profitable. We believe that Percentil's integration accelerates our entry into the circular economy while strengthening the financial foundations of our group.' With the acquisition, MySize will launch a B2B resale solution that enables brands to monetize overstock and returns by integrating with Percentil's platform. This will allow fashion brands to sell returned, overstock or pre-owned garments. The platform will help major retailers to comply with new European Union legislation requiring formal reuse plans for garments. The monetization model is SaaS-based, providing recurring revenue streams and potential high-margin scalability. The total accessible market for second-hand and circular fashion in Western Europe is estimated to exceed $25 billion by 2025, according to ThredUp's 2024 Resale Market Report and Statista's projections for the European second-hand apparel market. MySize said the addition of Percentil will create synergies with its existing portfolio of companies, including Naiz Fit, which provides size and fit solutions to reduce returns, and Orgad, MySize's e-commerce and logistics unit. Percentil also will be able to tap into MySize's proprietary AI technology to optimize pricing, enhance product recommendations, personalize user experience and improve operational efficiency. As part of the acquisition, MySize will take select assets of Percentil's operating structure out of bankruptcy, including 17 employees (including the former CEO and chief marketing officer), the central warehouse and its proprietary quality control and picking systems, an AI-powered pricing engine and proprietary garment assessment tools and processes, and a stock of more than 120,000 quality-vetted garments ready for sale. Luzon said that the new Percentil model will offer brands a solution for compliance with the EU Strategy for Sustainable and Circular Textiles, which will soon require plans for reuse, recycling and waste-reduction frameworks as part of environmental responsibility. 'With the EU leading global efforts in textile circularity, we see second-hand platforms evolving from niche alternatives into critical infrastructure for the fashion industry,' Luzon said. 'Percentil gives us a front-row seat in this transformation.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
