What Happened to Pillars of Slippers after Shark Tank? Pillars of Slippers Shark Tank Update
Table of Contents
What is Pillars of Slippers?
Pillars of Slippers are a Virtual Premium Shoe Concierge Service that provides exceptional prices on designer shoes and handbags.
It is a truth that women work extremely hard on their feet each day while juggling many duties in their family, professional, and personal lives.
They want to make it easy for her to relax in the comfort of her own home, buy online, receive discounted designer things, and are a part of the Amor community, which is focused on doing well in your local neighborhood.
Who is the founder of Pillars of Slippers?
Nicole Jones is the founder of Chicago-based Pillars of Slippers. She has a lifelong passion for shoes, which is why her firm is named Pillars of Slippers.
Pillars of Slippers are an in-home shoe purchasing event in which Nicole introduces shoes to a smart buyer. Nicole Jones asserts that she is not just providing shoes to customers, but also bringing a party.
She spreads a pink carpet, brings out strawberry truffles and champagne, and works herself into a shoe buying frenzy.
Nicole Jones states that her events are a hit with everyone who comes. She claims to sell a lot of shoes through shoe parties, but she needs the Sharks’ assistance in bringing her one-woman act to women throughout America.
What Happened to Pillars of Slippers at Shark Tank pitch?
Nicole Jones feels that the Shark Tank can assist her in growing her Pillars of Slippers company from a one-woman show to one that serves premium shoe customers throughout America in episode 110.
She desires the assistance of a Shark to assist her in expanding the business.
Jones entered the Shark Tank, seeking a $150,000 investment in exchange for a 15% stake in her business, which worth $1 million.
She begins her presentation by walking down a pink carpet and putting on a short fashion display, which has Barbara Corcoran shaking her head and the male Sharks laughing and applauding.
The lightheartedness gradually gives way to serious conversation. Jones argues that her brick-and-mortar location has become a liability due to the market’s slowing growth. Over the last year, her revenues have been mostly generated by her house parties and website.
Jones intended to close the storefront, so lowering maintenance costs, and concentrate on her home-party and internet sales distribution.
She intends to develop a franchising business concept that will allow women to invest $100,000 up front.
For the Sharks, the math just does not stack up. Kevin O’Leary points out that she earned $64,000 in revenue last year and is seeking $100,000 in franchise fees: “He can’t determine if they’re insane or if they’re doing anything right,” he observes, adding that she possesses “shafts of white light, clear thinking, in between these wafers of nutbar factor 6.”
Kevin Harrington believes that Jones will be unable to establish profitable Pillars of Slippers franchises due to the franchise’s inflated pricing. He exits. Daymond John asserts that there is also nothing there for him.” He also exits.
Robert Herjavec notes that Jones was “the world’s finest shoe professor” yet earned barely $64,000. He does not feel she is capable of selling franchises, and he exits.
Barbara Corcoran was overwhelmed by Jones’ intensity, stating that “he cannot collaborate with her; she was on drugs.” She declines to make an offer.
Jones’ “nutbar” quotient, according to Kevin O’Leary, was simply too high. He also exited as a final Shark. Finally, Jones walked away from the pitch without securing a deal.
What Happened to Pillars of Slippers after Shark Tank?
Despite the loss, Jones maintains his confidence following his appearance on the Shark Tank. She chooses to scale back her franchise concept, ditching the showy pink SUV in favor of something more understated.
However, the Sharks’ suspicions about Pillars of Slippers eventually come true. Jones discontinues her online and party sales.
She continues to explore design and sales on a lesser scale, looking for new ways to show her colorful entrepreneurial style. The company ceased operations.
Competitors of Pillars of Slippers
There are numerous online and brick-and-mortar options for women who seek premium handbags, designer shoes, and accessories. Other rivals include: Bandolino, Betsey Johnson Shoes and Louboutin Shoes.
Net Worth of Pillars of Slippers
The company valuation was $1 million during and after the pitch. Since then the company went out of business and hence the company net worth is not available.
Pillars of Slippers FAQs
What is Pillars of Slippers?
Pillars of Slippers are a Virtual Premium Shoe Concierge Service that provides exceptional prices on designer shoes and handbags.
It is a truth that women work extremely hard on their feet each day while juggling many duties in their family, professional, and personal lives.
They want to make it easy for her to relax in the comfort of her own home, buy online, receive discounted designer things, and are a part of the Amor community, which is focused on doing well in your local neighborhood.
Who is the founder?
Nicole Jones is the founder of Chicago-based Pillars of Slippers. She has a lifelong passion for shoes, which is why her firm is named Pillars of Slippers.
Pillars of Slippers are an in-home shoe purchasing event in which Nicole introduces shoes to a smart buyer.
How much was seeking on Shark Tank?
Nicole was seeking for $150,000 for 15% stake of the company.
Did she have the deal?
No, Nicole didn’t manage to close a deal on Shark Tank.
Is Pillars of Slippers still in business?
Pillars of Slippers is not in business any more.
Where was Pillars of Slippers located?
A pillar of Slippers was located in Chicago, Illinois.
Was Pillars of Slippers a scam?
No, Pillars of Slippers was not a scam. A pillar of Slippers was a real company.
What is Pillars of Slippers’s phone number?
A pillar of Slippers’ phone number is not mentioned.
How can I contact Pillars of Slippers?
If customers want to contact Pillars of Slippers, they can send them a message on Facebook.
What kind of products were Pillars of Slippers selling?
A pillar of Slippers sells shoes and handbags at extremely low prices.
What were Pillars of Slippers made of?
A pillar of Slippers was not made of anything. It was an entire service that allowed women to shop from home.
What were Pillars of Slippers’ goals?
Pillars of Slippers’ goal was to make it easy for women to relax in the comfort of their own home, buy online and receive discounted designer things, and be a part of the Amor community, which is focused on doing good in their local neighborhood.
Was Pillars of Slippers offering a discount?
Yes, Pillars of Slippers offered a discount on designer shoes and handbags.
Was Pillars of Slippers offering free shipping?
No, Pillars of Slippers did not offer free shipping.
What were the payment methods accepts by Pillars of Slippers?
Pillars of Slippers accepted payments through PayPal.
Did Pillars of Slippers offer any guarantee?
Pillars of Slippers offered a money back guarantee. The company would refund money in case the buyer didn’t like the product.
What is the net worth of Nicole Jones?
Nicole Jones has an estimate net worth of $1 million.
