05-10-2016, 06:23 AM
05-10-2016, 11:39 AM
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.