MySize (NASDAQ:MYSZ) said its Naiz Fit platform has surpassed 500 million size recommendations as the company expands beyond AI sizing into Virtual Try-On and a broader range of fashion technology applications.
The milestone gives Naiz Fit a data base spanning more than 10 million users and over 100 million connected garments across more than 100 apparel brands, which MySize intends to use to support additional e-commerce, retail, product and strategy tools.
Naiz Fit’s 500 million size recommendation milestone highlights the scale MySize has established as it moves into additional areas of fashion technology.
The company is developing solutions across four areas: e-commerce, retail, product and strategy. Virtual Try-On is one of the first extensions of that approach, adding a visual experience that allows shoppers to interact digitally with garments before purchasing.
Rather than offering Virtual Try-On as a separate product, Naiz Fit is integrating the technology with its existing Size & Fit capabilities, product information and shopper data.
MySize also cited results from selected previous customer deployments showing conversion increases of up to 5.7 times, average order value increases of up to 27% and reductions in returns of up to 14%. The company cautioned that results depend on the customer, implementation and use case.
The strategic shift may broaden the role Naiz Fit plays within each customer relationship. Moving from a single sizing function toward multiple fashion technology applications could give MySize additional ways to generate value from brands already using the platform.
Its existing customer footprint is particularly relevant to that strategy. MySize said Naiz Fit works with more than 100 apparel brands, while named customers include Levi’s, Desigual, Paul & Shark and Silbon.
The scale of Naiz Fit’s historical Size & Fit information could also support the development of more sophisticated personalisation and product intelligence tools. However, the announcement does not provide financial forecasts or quantify how Virtual Try-On and the broader product strategy are expected to affect MySize’s revenue or profitability.
That leaves execution as an important consideration. The investor case around the expansion will depend on whether MySize can turn its existing data, users and brand relationships into wider adoption of additional products and greater commercial contribution from Naiz Fit.
Investors can watch for further Virtual Try-On deployments and evidence that existing Naiz Fit customers are adopting multiple products across the company’s expanding platform.
Additional customer wins, measurable results from the newer solutions and any financial disclosure showing how the broader Size & Fit Intelligence strategy contributes to MySize’s performance could provide clearer indications of the commercial impact of the expansion.
MySize stock price
| Sep-15 | |
| Sep-14 | |
| Aug-18 | |
| Aug-18 | |
| Aug-14 | |
| Aug-10 | |
| May-15 | |
| May-04 | |
| Mar-23 | |
| Mar-03 | |
| Feb-24 | |
| Jan-28 | |
| Jan-14 | |
| Jan-13 | |
| Jan-09 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, alerts, and much more.
Learn more about Finviz Elite