Nearly Newlywed Shark Tank Update | What Happened to Nearly Newlywed after the Shark Tank Pitch
What is Nearly Newlywed?
Nearly Newlywed is an internet boutique that sells discounted designer bridal dresses.
Brides are sometimes intimidated by the expense of a gown or desire a larger gown for their money.
Rather than purchasing a new dress that they will only wear once, brides may utilize Nearly Newlywed’s service to obtain the dress of their dreams for a fraction of the retail price.
The beauty of the business strategy is that Nearly Newlywed does not purchase the clothes.
A bride visits the site and uploads a description of her gown as well as photographs of it.
Once accepted, the outfit is placed on consignment.
Nearly Newlyweds retains a percentage of the money, and the new bride has the option of keeping the gown or reselling it through Nearly Newlywed.
In comparison to a traditional rental business, the Nearly Newlywed concept allows more customization.
Who Is Nearly Newlywed’s Founder?
Jackie Courtney is the creator of Nearly Newlywed. Jackie was raised in Iowa and had an interest in fashion.
She pursued her passion by moving to New York City and establishing herself as a fashion publicist.
She was also responsible for “dressing” different celebrities and fashion journalists. This exposure exposed her to the world of fashion.
Jackie married, and prior to her wedding, she was aware that the wedding gowns she desired would be too expensive.
Additionally, she had the impression that other brides-to-be felt the same way. Jackie Courtney recognizes that finding the correct fit at the right price can be a real problem.
Additionally, it typically takes a great deal of time and travel to acquire the proper outfit. Jackie desired to find a solution for the soon-to-be brides’ concerns. As a result, she founded Nearly Newlywed.
What happen to Nearly Newlywed at the Shark Tank Pitch?
She enters the stage accompanied by a model dressed in her own wedding gown, which is only one of the upscale gowns offered through the “online store.”
She notes that during her formative years in New York City, she saw that celebrities and models seldom purchase the designer looks they wear on the red carpet. Frequently, clothing is lent for the occasion.
She founded Nearly Newlywed to assist brides who are on a tight budget in affording fashionable fashions.
Courtney provides an overview of her website and discusses her business plan.
One of the gowns retails for around $11,000 but is being offered on the internet for $3,800. Another significant element of Nearly Newlywed is that brides may also sell their gowns back to the firm for half of the price they paid for them.
Kevin O’Leary is curious about the amount of cash invested in the firm. Due to the fact that Nearly Newlyweds operates on a consignment basis, the firm incurs low expenses.
The firm earns 35-40% of the sale on each consignment, which is a healthy profit margin.
Robert Herjavec, on the other hand, is doubtful. “I believe that the only time a lady would purchase a secondhand wedding gown is if she is divorced.”
Courtney disagrees, stating that if a bride desires a certain gown and can have it at an inexpensive price, she is likely to accept the offer.
The Sharks are interested in learning about sales. In her first month of business, Courtney sold only four outfits.
The Sharks then inquire as to her growth strategy. Courtney notes that she has benefited from some complimentary publicity as a result of her business’s debut, and that word of mouth is working in her favour via social media.
Mark Cuban maintains his scepticism. “You generated such traffic as a result of the initial surge in press roll. That is really tough to maintain.” Courtney includes a list of other alternatives for journalistic exposure.
Barbara Corcoran states that Jackie has an impeccable experience in public relations, but you are not proved just because you have been in company for three months.
She has no intention of returning her money, since it is still too early for her. She has exited.
Robert says that it defies logic for any bride to acquire a worn gown. He is unable to grasp the business’s premise. He has departed.
Daymond Nearly Newlyweds, according to John, does not suit his model. He has escaped.
Kevin O’Leary is a fan of Courtney and the model. He makes a proposal. He will pay her the $35,000 she requests, but in exchange for 40% ownership of the firm.
Courtney inquires as to if there are any more offers, but none are forthcoming.
According to Mark Cuban, Courtney is excessively fixated on a certain fashion trend. He has departed.
Courtney considers but refuses O’Leary’s offer. The proportion is very high. She exits the Shark Tank without securing a contract.
Nearly Newlywed after the Shark Tank Pitch
Jackie was definitely unhappy that none of the Sharks expressed an interest in investing in her.
Courtney has found a partner at Kleinfeld’s Bridal in New York, an upmarket wedding supply company.
While Courtney did not choose to pair with a Shark, she is thriving on her own, proving that Nearly Newlywed is a success story.
In August 2021, Courtney married and had a son. The firm generates $5 million in annual revenue.
Nearly Newlywed Net Worth
Nearly Newlywed is estimated to worth $800,000.
Nearly Newlywed Competitors
Chic Couture Online and Chan Luu are Nearly Newlywed Competitors.
Nearly Newlywed FAQS
What is Nearly Newlywed?
Nearly Newlywed is a firm that buys and resell wedding gowns. The company operates an online store with a broad selection of high fashion wedding gowns.
They utilize the consignment model, which enables brides-to-be to sell their old wedding gowns on the Internet.
Who is the founder of Nearly Newlywed?
The founder of Nearly Newlywed is Jackie Courtney.
How much was she seeking in the Shark Tank?
Courtney was seeking $35,000 in exchange for 10% equity.
Did she get a deal from the Sharks?
She did not secure a deal from the Sharks.
Where is Nearly Newlywed located?
Nearly Newlywed is located in Brooklyn, New York.
What is the Gross Revenue of Nearly Newlywed?
Nearly Newlywed earns $5m annually.
How can they contact Nearly Newlywed?
They can contact them through their website, Facebook, Twitter and Instagram.
What is the website of Nearly Newlywed?
The website of Nearly Newlywed is nearlynewlywed.com.
What is their return policy?
They provide a risk-free five-day return guarantee for all products, including new and secondhand bridal gowns sent inside the continental United States.
For any reason, they may return their dress for a $50 restocking charge.
Final sale products and things purchased with a promotional coupon that mentions final sale are not returnable.
What is their return policy for international buyers?
Purchases made outside the United States are final sale.
Purchases made from Canada and sent to the United States are likewise deemed Final Sale, and shipping is extra.
How are they protected?
They ensure quality, safety and security for all of their brides and newlyweds.
They curate and verify every gown sold, inspecting it with the seller before they ship it to them to try on.
They also process all payments and handle shipping and insurance, so there are no risks.
How do they measure themselves for a dress?
All they’ll need is a measuring tape, a friend, & their super easy-to-use size and fit guide.
Is it risky to buy a used wedding dress?
Not when they are buying with Nearly Newlywed! They take all of the risk out of the process.
Each dress on their site is hand-picked by the staff at Nearly Newlywed.
When they purchase a wedding gown for in-home try-on, they will have it verified and shipped directly to them.
Will they have to alter the dress?
Whether new or used, it is completely normal and expected for a gown to require multiple alterations to fit perfectly.
They might get lucky and find a dress that already has a bustle and has been perfectly altered to fit their shape.
What is the net worth of Jackie Courtney?
Jackie Courtney’s net worth is unavailable.