History
The company was founded in Cleveland, Ohio in 1914, when Mortimer Slater, with Charles Bond and Lester Cohen, founded the stores as a retail outlet for their suit manufacturing company. The first store featured fifteen-dollar men's suits. As president Mr. Slater built the concern into a million-dollar corporation, increasing the number of employees from fifty to more than 4,000. At his retirement in 1924, the concern had twenty-eight stores in large cities. Bond Stores, Inc. was organized in Maryland on March 19, 1937 by the consolidation of Bond Clothing Company, a Maryland corporation, and its subsidiary, Bond Stores, Inc. The principal executive offices of the corporation were located at 261 Fifth Avenue in New York City.
During the 1930s and 1940s, it became the largest retail chain of men's clothing in the United States, best known for selling two-pant suits. In 1975, the company was sold to foreign investors, then broken up and sold in smaller groups to its management. For instance, 13 stores were operated by the Proud Wind, Inc. company.
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