My Size, Inc. (NASDAQ: MYSZ)

LOLA CASADEMUNT, a Spanish fashion brand, just reported a sales surge of a 59% in 2023, reaching €45 million, with 27% now from international markets. Plans for further global expansion include new stores in Saudi Arabia and Mexico. Online sales to double, aiming for 20% of total revenue. Strategic roadmap set to achieve 30% revenue increase by 2024.

Today Naiz Fit team is attending PI Apparel event in Italy where international #fashion brands are working together to take one more step towards #Ai adoption, #innovation and #3D If you are around contact our team there Thomas Casciola and Cinzia Barberis

This week our partners GK Software SE showcased our #retailtech at EuroCIS. Great results and a warm welcome of the latest features of our solutions to keep helping the #fashion industry to solve sizing issues across the whole chain. Contact us throught our sizing division Naiz Fit  to know more.

Gap has announced the closure of its retail outlets in Spain, marking the end of a three-year presence in the country's #market. The move aligns with a broader trend of restructuring in the #retail sector, with Gap joining other brands that have also ceased operations in Spain. This decision reflects the challenges faced by international retailers in adapting to local market dynamics and consumer preferences.

Naiz Fit, a My Size Inc. company, has introduced groundbreaking generative AI strategies aiming to revolutionize #FashionTech. The company aims to bring significant advancements through their AI-driven approaches, potentially reshaping how #technology intersects with #fashion across the whole value chain.

Naiz Fit, My Size's solution for #size and fit across the whole #fashion value chain is attending today the big day of the industry in Barcelona. #BFS2024 will be analyzing past trends and challenges of the industry to set up a new path for the future including #AI and #innovation

SHEIN 's stock is experiencing a decline as investors attempt to sell shares off-market at a 30% discounted rate, impacting the company's valuation and potentially influencing its upcoming IPO. 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 𝗦𝗵𝗶𝗳𝘁:The company's valuation, ranging between €45 billion and €55 billion at the end of 2023, has decreased significantly from the reported $66 billion valuation six months earlier in May. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀: Efforts by Shein to position itself as a global company have been hindered by the need to navigate regulatory processes in China. Additionally, the U.S. electoral year may subject the company to increased scrutiny, potentially impacting the timing of its IPO.

👖 Vestiaire Collective, the luxury resale platform, has announced its first-ever crowdfunding campaign as it prepares for a potential IPO. 💵 Through this crowdfunding exercise, Vestiaire Collective aims to raise 40 million euros to support its expansion plans and solidify its position as a leader in the luxury resale market. With a strong track record of growth and profitability, the company is confident in its ability to deliver returns to its investors. This innovative funding approach highlights the company's commitment to both financial growth and community engagement. As the demand for sustainable, affordable luxury continues to rise, Vestiaire Collective's IPO is one to watch in the fashion industry.

📉 Market Insight Update: Retail Sales Volumes Down by 3.2% as Christmas Shoppers Shift Spend 📊 In a recent report by The Industry Fashion, it has been revealed that retail sales volumes experienced a notable 3.2% decline, reflecting a shift in consumer spending habits during the festive season. This downturn suggests a nuanced landscape for the retail sector, warranting a closer look at emerging trends and potential implications. Key Takeaways: Seasonal Shifts: Christmas shoppers have exhibited a discernible change in spending patterns, influencing the overall retail landscape. Understanding these shifts is crucial for businesses navigating the post-holiday period. Consumer Behavior Dynamics: Analyzing the reasons behind the decline can provide valuable insights into evolving consumer preferences and economic factors impacting purchasing decisions. Strategic Adaptation: Businesses should consider adapting their strategies to align with changing consumer demands. Identifying sectors that experienced growth during this period could offer strategic direction for future planning. Omnichannel Opportunities: The report underscores the importance of omnichannel strategies as consumers increasingly engage with brands through a variety of platforms. Leveraging digital channels and enhancing the online shopping experience may be key to mitigating sales challenges. Economic Indicators: The retail sector often serves as a barometer for broader economic trends. Monitoring these indicators can assist in anticipating market shifts and making informed business decisions. #FinancialInsights #RetailTrends #ConsumerSpending #EconomicIndicators #BusinessStrategy

#NRF is THE place to be if you are looking for #innovation. Come meet our #sizing solutions for the whole #supplychain in #fashion at GK Software SE's booth 5402. Get ready to keep optimizing your supply chain and get rid of #returns.