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.
Read more about this topic: Bond Clothing Stores
Famous quotes containing the word history:
“Perhaps universal history is the history of the diverse intonation of some metaphors.”
—Jorge Luis Borges (1899–1986)
“The second day of July 1776, will be the most memorable epoch in the history of America. I am apt to believe that it will be celebrated by succeeding generations as the great anniversary festival. It ought to be commemorated, as the day of deliverance, by solemn acts of devotion to God Almighty. It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires and illuminations, from one end of this continent to the other, from this time forward forever more”
—John Adams (1735–1826)
“The history is always the same the product is always different and the history interests more than the product. More, that is, more. Yes. But if the product was not different the history which is the same would not be more interesting.”
—Gertrude Stein (1874–1946)