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MySize Stock Rallies on Dockers Contract -Breaking

by Mike Robinson

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© Reuters

Sam Boughedda

Investing.com — The shares of a measurement technology creator and developer My Size Inc (NASDAQ:) rallied Tuesday following the announcement that Dockers (Turkey), had awarded it a contract.

On the news, shares rose to $2.97. The shares have lost some of their initial gains since then, but are trading at around $2.97. That’s an increase of 86% over Monday’s closing. 

American clothing brand Dockers Turkey (also known as Turkey) offers a range of accessories and garments. Levi Strauss & Co (NYSE:

MySize and Levi’s Turkey have been working together for about a year. This has led Dockers to decide to incorporate MySize’s AI-driven sizing technology. 

Company claims integration of MySizeID widget reduced returns. Ronen Luzon (CEO of MySize) stated, We are excited about this opportunity because of our success with Levi’s Turkey and the results we have had. “We believe that our land-and-expand strategy which first works with a small part of the larger company before being able expand to other brands or geographies in that company will help us accelerate revenue growth. 

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