Wee Can Shop Update

Wee Can Shop Kid’s Store Update | Shark Tank Season 1

ByAndrew Smith

Kimberly and Matthew Foley recognized a lack of places where kids could actively participate in gift-giving. Seizing this opportunity, they created Wee Can Shop. This unique retail concept allows children to shop for loved ones using child-sized carts while also teaching them thoughtfulness and responsibility. Will the sharks see the potential in their idea and make an offer? Find out in our Wee Can Shop update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Wee Can Shop after Shark Tank.

Kimberly and Matthew entered Shark Tank Season 1, seeking $200,000 for 30% equity in Wee Can Shop. Sadly, they couldn’t secure a deal because the sharks didn’t find their business worth investing in.

In terms of a Wee Can Shop update, the company quickly gained momentum shortly after its episode aired but eventually went out of business because it struggled to maintain profitability.

SharkResult
Barbara CorcoranNo offer
Kevin O’Leary No offer
Kevin HarringtonNo offer
Daymond JohnNo offer
Robert HerjavecNo offer

Shark Tank Wee Can Shop Pitch

Shark Tank Wee Can Shop Update
  • Entrepreneurs: Matthew and Kimberly Foley
  • Business: Store for kids to shop independently 
  • Ask: $200,000 for 30% equity
  • Result: No deal
  • Sharks: None

Kimberly and Matthew pitched Wee Can Shop, a unique retail concept designed specifically for children.

They explained to the sharks that their store offers a variety of products, including kitchenware and gift items for all family members.

Their goal was to secure an investment to expand their business and build the franchise they envisioned.

Wee Can Shop provides a fun and educational shopping experience for children. 

It features pint-sized carts, lower shelves, and a wide selection of products, such as toys, books, and personalized items.

The store also promotes financial literacy by allowing parents to set budgets for their children, teaching them about money management and thoughtful purchasing.

Additionally, Wee Can Shop hosts birthday parties and offers a festive and engaging environment for young shoppers.

Despite the innovative concept, Kevin O’Leary raised concerns about the business, questioning whether parents might see it as pushing consumerism too early.

Kimberly reassured him that parents have been overwhelmingly supportive, encouraging them to create franchises.

However, when Robert Herjavec asked about their numbers, Matthew revealed that while profits had increased by 100% annually for the past six years, they only made $13,000 the previous year. This low figure concerned the sharks.

Kevin O. expressed doubt about expanding the business, given its current lack of profitability.

He and Barbara Corcoran advised the entrepreneurs to reconsider their plans, with Kevin O. stating that the business needed to clear $200,000 a year to be considered profitable.

Kevin Harrington suggested they continue growing the business before franchising but ultimately decided not to invest.

Daymond John and Robert Herjavec also declined, citing insufficient information to support expansion.

In the end, Kimberly and Matthew left without a deal. Did they prove the sharks wrong? Keep reading our Wee Can Shop update to find out.

Shark Tank Wee Can Shop Update

After its episode aired, our Wee Can Shop update found that the company expanded its product line to include clothing, accessories, and educational materials, hoping to attract a broader audience.

In addition, they also improved their online presence with a revamped website and stronger social media engagement, which temporarily boosted sales.

However, the business struggled to maintain profitability.

Our Wee Can Shop update found that despite its best efforts, the company went out of business in 2012 due to ongoing financial difficulties.

Unfortunately, this will be our final Wee Can Shop update.

Would you like to learn about the other companies featured in Season 1, Episode 12? Follow the links below for our other company updates from the episode.

Before you go, check out our Shark Tank Season 1 page for more updates.

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Andrew is a lifelong fan of Shark Tank and an entrepreneur at heart. He started Shark Tank Recap because he wanted a single place to track what happens to the companies, founders, and deals after they air on TV. With a sharp eye for business insights and a passion for all things Shark Tank, Andrew makes sure every recap is accurate, engaging, and fun.