February 24, 2023 05:23 PM Eastern Standard Time

High Apparel Returns Can Have Significant Impact On The Environment, As An Estimated Five Billion Pounds End Up In Landfills; MySize (NASDAQ: MYSZ) May Have The Solution

MySize, Inc.

By Ernest Dela Aglanu, Benzinga MySize Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA), an omnichannel e-commerce platform and provider of artificial intelligence (AI)-driven measurement solutions, is systematically carving a niche for itself as a leader that believes in environmental sustainability. For over two decades, the company has been working to solve two critical problems facing the fashion retail industry — customers receiving apparel that doesn’t fit and reducing returns that sometimes end up in landfills. A survey conducted by Power Reviews revealed that clothing topped the items returned by customers who purchase online. Clothing led with 88%, shoes were at 44%, and electronics at 43% rounded off the list of the top three most returned product categories. The study further elucidated that the top three reasons people gave for returning an item were that it didn’t fit (70%), the item was damaged, or defective (65%), or the item didn’t match the description (49%). These fit-related problems are estimated to be costing retailers worldwide $642.6 billion, and only 48% of returns can be resold at full price. While it’s expected that returned apparels go back on sale, that’s unfortunately not always the case because retailers seem to spend more on assessing and repackaging them than trashing them, which may appear cheaper. Sadly, an estimated five billion pounds of returns end up in landfills, prompting experts to conclude that fashion has developed a notorious environmental footprint — accounting for up to 10% of global carbon dioxide output. There are now concerns that the fashion industry will retain its unwanted reputation as a significant contributor to climate change should marketing practices that encourage waste and fuel emissions continue to persist. While some brands like Burberry Group plc. (LON: BRBY), Nike Inc. (NYSE: NKE) and American Eagle Outfitters Inc. (NYSE: AEO) have moved toward donating and repurposing returned goods, a large number of retailers are still trashing returns. Now, concerns around environmental sustainability are influencing consumer behavior. The Capgemini Research Institute found that almost 80% of consumers are changing their shopping habits based on social responsibility and environmental impact. This is where MySize ’s sustainability-focused business practices could enhance value in the industry, especially as there is currently a global push for the reduction of waste and preservation of resources like clean air, water and wildlife for future generations. Brands are more likely to use MySize’s solutions to show their consumers that they are green. Some well-known brands have already adopted the company’s technology. On January 24, MySize revealed that Germany-based multidisciplinary fashion label Rotholz had selected and fully implemented the Naiz Fit sizing solution on its e-commerce site. A press release by the company said the selection showed how fashion could be made in harmony with nature, people, and ethics, as Rotholz works in collaboration with creatives from all over the world to bring together advanced design and production processes. “Naiz Fit is now used throughout Europe and beyond to create a superior customer experience and to support sustainable shopping. We welcome Rotholz as our latest fashion brand to adopt a MySize sizing solution, and we’re pleased to be a part of their corporate sustainability ethic,” Ronen Luzon, MySize CEO and founder, said. Spain-based Natura also fully implemented the Naiz Fit sizing solution allowing customers shopping at Natura’s online stores and its 200 physical stores throughout Spain, Portugal, Italy, and Andorra to use the Naiz Fit app to take their measurements and match their ideal fit with Natura’s apparel collections. Natura has been committed to making the world a better place with its unique and environment-friendly products, including a broad selection of apparel for women, men, and children. Through the Natura Award, the company has been creating a positive impact around the world by supporting more than 70 humanitarian aid and nature protection projects since 1994. MySize entered into an agreement with 7 For All Mankind (Brazil), a premium global clothing brand, to license its MySizeID apparel sizing solution in August last year. “7 For All Mankind’s commitment to continuous improvement to serve humanity is admirable, and MySizeID is pleased to partner with them in their mission,” Luzon said. Esber Hajli, CEO of 7 For All Mankind (Brazil), on her part, commented, “By implementing MySizeID, an innovative, market-leading sizing solution, we believe we can significantly reduce returns and its associated financial and environmental costs.” This article was originally published on Benzinga here. MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) is an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients. Orgad, its online retailer platform, has expertise in e-commerce, supply chain, and technology operating as a third-party seller on Amazon.com and other sites. MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout. FirstLook Smart Mirror extends MySize's reach into physical stores and is expected to contribute to revenues through unit sales and recurring service fees.MySize has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries. This proprietary measurement technology is driven by several algorithms that are able to calculate and record measurements in a variety of novel ways. To learn more about MySize, please visit our website: www.mysizeid.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Or Kles, CFO ir@mysizeid.com Company Website https://mysizeid.com

February 24, 2023 09:15 AM Eastern Standard Time

OYO Saw 20% Jump in Bookings on Presidents’ Day Weekend

OYO

Global travel technology company, OYO’s US operations saw a 23% increase in per available room (RevPar) for the 3-day long Presidents’ Day weekend (18 th – 20 th February 2023) vs Presidents’ Day weekend in 2022 (19 th – 21 st 2022). Nearly 20% more bookings were made for this weekend in OYO hotels across the country vs same period in 2022. Most bookings for this weekend came from New York, Chicago, Atlanta as well as from popular leisure markets like Nashville and Phoenix. Bookings from OYO’s own platform (website & app) grew by 41% as compared to popular OTAs (Online Travel Agents) vs 2022. Presidents Day is observed annually on the third Monday of February. It is a federal holiday celebrated in the honor of George Washington and all those who served as presidents of the United States. Talking about the weekend, Gautam Swaroop, CEO OYO International said, “Presidents’ Day weekend is a very popular mid-winter break across the United States. OYO witnessed a surge in online traffic by ~33% indicating a strong intent to travel. We have also seen a 15% jump in local travel during this period vs 2022. Travel and tourism across the country is on the road to revival and continued uplift in occupancy and RevPar are important indicators of its growth.” OYO offers hotels access to a large base of regular customers through its app and website, and also lists hotels on multiple Online Travel Agents (OTAs) to boost booking demand and, therefore, revenue. OYO’s best-in-class Artificial Intelligence-enabled pricing software automatically drives the best booking prices across all channels, based on room type, seasonality and other factors, therefore, enabling such doubling of revenues. The company also helps ensure great experience for customers, with ease of search and quick booking experience, highly competitive room prices, automated tools such as Artificial Intelligence powered chatbots to quickly resolve customer queries, loyalty programmes and easy refund, if needed. OYO’s USA operation had recently disclosed that it has outpaced the budget hotel segment’s growth in per available room revenue (RevPar) with an 18% rise in 2022 vs pre-COVID year, 2019. The budget hotel segment in the meanwhile, grew by only 6% in the US, according to STR reports. It also witnessed a 46% increase in per room revenue (RevPar) for its hotels since Covid (2020) with the strongest uplift at 64%, recorded during the peak season months of June, July, August vs the same period in 2020. Coastal Oregon, Miami, Myrtle beach, Houston and San Antonio emerged as the destinations with highest RevPar in 2022. Travel recovery was largely led by domestic travel in the US. Disclaimer: Oravel Stays Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares (the “Equity Shares”) and has filed the Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges, i.e., BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the Global Coordinators and Book Running Lead Managers, i.e., Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Citigroup Global Markets India Private Limited at www.investmentbank.kotak.com, www.jpmipl.com and www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm; the websites of the Book Running Lead Managers, i.e., ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited, JM Financial Limited and Deutsche Equities India Private Limited at www.icicisecurities.com, www.nomuraholdings.com/company/group/asia/india/index.html, www.jmfl.com and www.db.com/India, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, refer to the Red Herring Prospectus which may be filed with the Registrar of Companies in the future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision. The Equity Shares offered in the Fresh Issue (as defined in the DRHP) and the Offer for Sale (as defined in the DRHP) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) in transactions exempt from, or not subject to, the registration requirements under the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States. Contact Details Anupriya +91 97911 63065 anupriya.d@oyorooms.com Company Website https://www.oyorooms.com/

February 24, 2023 09:00 AM Eastern Standard Time

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