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Encyclopedia > Bonwit Teller
Bonwit Teller
Type Department store
Founded 1895 New York, New York
Headquarters New York, New York
Industry Retail
Products Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares.
Website None

Bonwit Teller was a department store in New York City founded by Paul Bonwit. Now defunct, it was one of a group of department stores that catered to the carriage trade on Fifth Avenue, including Peck & Peck, Saks Fifth Avenue and B. Altman and Company. Image File history File links Broom_icon. ... Image File history File links Bonwit_teller. ... The interior of a typical Macys department store. ... 1895 (MDCCCXCV) was a common year starting on Tuesday (see link for calendar) of the Gregorian calendar (or a common year starting on Thursday of the 12-day-slower Julian calendar). ... Midtown Manhattan, looking north from the Empire State Building, 2005 New York City (officially named the City of New York) is the most populous city in the state of New York and the entire United States. ... Midtown Manhattan, looking north from the Empire State Building, 2005 New York City (officially named the City of New York) is the most populous city in the state of New York and the entire United States. ... Drawing of a self-service store. ... A website (or Web site) is a collection of web pages, images, videos and other digital assets and hosted on a particular domain or subdomain on the World Wide Web. ... The interior of a typical Macys department store. ... New York, NY redirects here. ... Paul Bonwit (September 29, 1862 – December 11, 1939) retail merchant and founder of Bonwit Teller department store in New York City. ... Street sign at Fifth Avenue and East 57th street Fifth Avenue is a major thoroughfare in New York City. ... Peck & Peck was a New York based retailer of private label womens wear prominent on Fifth Avenue. ... Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. ... This article or section does not adequately cite its references or sources. ...

Contents

History

In 1895, Paul Bonwit opened a store at Sixth Avenue and Eighteenth Street. Two years later, in partnership with Edmund D. Teller, he relocated their establishment to Sixth Avenue and Twenty-third Street, becoming Bonwit Teller. The firm was incorporated in 1907 as Bonwit Teller & Company and in 1911 relocated yet again, this time to the corner of Fifth Avenue and Thirty-eighth Street. [1] 1895 (MDCCCXCV) was a common year starting on Tuesday (see link for calendar) of the Gregorian calendar (or a common year starting on Thursday of the 12-day-slower Julian calendar). ... Sixth Avenue looking south from 18th Street Sixth Avenue is a major avenue in New York Citys borough of Manhattan. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Street sign at Fifth Avenue and East 57th street Fifth Avenue is a major thoroughfare in New York City. ...


They announced that this new location would provide consumers with:

an uncommon display of wearing apparel from foreign and domestic sources . . . which will appeal to those who desire the unusual and exclusive at moderate prices.

The firm specialized in high-end women's apparel at a time when many of its competitors were diversifying their product lines, and Bonwit Teller became noted within the trade for the quality of its merchandise as well as the above-average salaries paid to both buyers and executives.


In 1930, with the retail trade in New York City moving uptown, the store moved to a new address on Fifth Avenue – the former A.T. Stewart & Company building at Fifty-sixth Street. In 1931 noted financier Floyd Odlum, who had cashed in his stock holdings just prior to the stock market crash of 1929, was acquiring and turning around firms in financial distress. In 1932, Odlum's wife Hortense became a consultant to the company; and two years later, he sold the firm to Atlas Corporation. Odlum promptly named his wife as the new president (she became the first woman to hold such a position in New York). Paul Bonwit's son Walter Bonwit stayed on as vice president and general manager.[2] Year 1930 (MCMXXX) was a common year starting on Wednesday (link is to a full 1930 calendar). ... Alexander Turney Stewart, (October 12, 1803- April 10, 1876), was an American entrepreneur turned multi-millionaire who made his fortune in what was at the time the most extensive and lucrative dry goods business in the world. ... 1931 (MCMXXXI) was a common year starting on Thursday (link is to a full 1931 calendar). ... Floyd Bostwick Odlum born March 30, 1892 in Union City, Michigan, United States – died June 17, 1976 in Indio, California, was a wealthy lawyer and industrialist and husband of aviatrix Jackie Cochran. ... 1929 (MCMXXIX) was a common year starting on Tuesday (link will take you to calendar). ... Hortense McQuarrie Odlum (July 1881 - January 12, 1970) she was the first woman president of Bonwit Teller Department Store in New York City and the wife of financier Floyd Odlum. ...


Ownership Changes

Sold to the Hoving Corporation in 1946, the store underwent several changes of ownership, beginning with Genesco in 1956, then Allied Stores Corporation in 1979, and finally the Hooker Corporation in 1987. In the early 1980s, Donald Trump demolished the flagship Manhattan location to build the original Trump Tower[3]. It had a new location attached to the Tower's indoor mall, however it only lasted a short time, before being replaced by another short-lived department store venture, Galeries Lafayette. 1946 (MCMXLVI) was a common year starting on Tuesday. ... Allied Stores was a department store chain in the United States. ... Trump Tower Trump Tower Trump Tower is a 68 story skyscraper in New York City. ... The Galeries Lafayette is a French department store company. ...


The Pyramid Company purchased the Bonwit Teller chain from bankruptcy court for $8 million in 1990, since the store was planned to be one of four major anchors in the company's then soon-to-open Carousel Center mall in Syracuse, New York. The company had plans to expand the store name throughout the company's two dozen malls and to create a new flagship store in Manhattan, but those plans never materialized. Pyramid reportedly lost $60 million between 1990 and 1999 acquiring and operating Bonwit Teller. The amount was the subject of a lawsuit alleging company chairman Robert Congel illegally transferred $20 million of the debt to partners in the company's Crossgates Mall in Albany, which never housed a Bonwit Teller store.[4] The Pyramid Company was formed in 1970 in Syracuse, New York by Robert J. Congel. ... Carousel Center as seen from the south Carousel Center is a 1. ... Nickname: The Salt City Location of Syracuse within the state of New York Coordinates: City Government  - Mayor Matthew Driscoll Area  - City 66. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... Crossgates Mall is a shopping mall in Guilderland, New York, not far from the nearby cities of Albany and Schenectady. ... Location in Albany County and the State of New York Coordinates: , ) Country United States State New York County Albany Founded 1614 Incorporated 1686 Government  - Mayor Gerald D. Jennings Area  - City  21. ...


In the history of retail trade, the name Bonwit Teller has remained synonymous with high quality in women's apparel, and through that association Paul Bonwit secured his niche in the annals of New York business.


In 2005, River West Brands, a Chicago based brand revitalization company, announced that it had formed Avenue Brands LLC to help bring back the company as a luxury brand. 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Nickname: The Windy City, The Second City, Chi Town, City of the Big Shoulders, The 312, The City that Works. Motto: Urbs In Horto (Latin: City in a Garden), I Will Location in Chicagoland and Illinois Coordinates: Country United States State Illinois County Cook & DuPage Incorporated March 4, 1837 Government...


Former locations

California

Beverly Hills is a city in the western part of Los Angeles County, California. ... Palm Desert is a city in Riverside County, California, in the Coachella Valley (Palm Springs area), approximately 11 miles east of Palm Springs in the Coachella Valley. ...

Florida

Bal Harbour is a village located in Miami-Dade County, Florida. ... Palm Beachs skyline, as seen from Flagler Drive in West Palm Beach. ...

Illinois

  • Chicago - 875 North Michigan Avenue (John Hancock Center; this replaced its earlier location at 745 North Michigan Avenue from 1949 to 1971, which became I. Magnin and was later subdivided into several shops)
  • Oak Park, Illinois (moved to Oakbrook Center)
  • Oak Brook - Oakbrook Center
  • Northbrook, Illinios - Northbrook Center (Now AMC Movies)_

Flag Seal Nickname: The Windy City Motto: Urbs In Horto (Latin: City in a Garden), I Will Location Location in Chicagoland and northern Illinois Coordinates , Government Country State Counties United States Illinois Cook, DuPage Mayor Richard M. Daley (D) Geographical characteristics Area     City 606. ... Template:Chicagoland McCity Oak Brook is a suburb of Chicago in DuPage County, Illinois in the Elmhurst-Villa Park-Lombard-Oakbrook area. ...

Massachusetts

  • Boston - 500 Boylston Street (now offices; original store was located from 1947 to 1988 at 234 Berkeley Street, now Louis Boston)

Nickname: City on the Hill, Beantown, Athens of America, The Hub (of the Universe)1 Location in Massachusetts, USA Counties Suffolk County  - Mayor Thomas M. Menino (D) Area    - City  89. ...

Michigan

Troy is a city in Oakland County of the U.S. state of Michigan. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Categories: Stub | Retail companies of the United States ...

Missouri

Nickname: City of Fountains Location in Jackson, Clay, Platte, and Cass Counties in the state of Missouri. ... Nickname: City of Fountains Location in Jackson, Clay, Platte, and Cass Counties in the state of Missouri. ...

New Jersey

Short Hills is an unincorporated area located within the township of Millburn, in Essex County, New Jersey, United States. ...

New York

This article is becoming very long. ... The Walden Galleria is a shopping mall located in the Buffalo, New York suburb of Cheektowaga and is the largest mall in the Buffalo-Niagara Falls area with 1. ... Old Navy is a brand of clothing and chain of stores owned by Gap Inc. ... A typical Bed Bath and Beyond store Bed Bath & Beyond, Inc. ... Manhasset is a hamlet (and census-designated place) in Nassau County, New York on the North Shore of Long Island. ... For other uses, see Manhattan (disambiguation). ... Scarsdale is both a town and village in Westchester County, New York, USA postal code 10583. ... Nickname: The Salt City Location of Syracuse within the state of New York Coordinates: City Government  - Mayor Matthew Driscoll Area  - City 66. ... Carousel Center as seen from the south Carousel Center is a 1. ... H&M Hennes & Mauritz AB (operating as H&M), is a Swedish clothing company, known for their inexpensive and fashionable clothing offerings. ...

Ohio

Nickname: The Queen City Location in Hamilton County, Ohio, USA Coordinates: Country United States State Ohio County Hamilton Founded 1788 Incorporated 1802 (village) - 1819 (city) Government type Strong mayor  - Mayor Mark L. Mallory (D) Area    - City  79. ... Cincinnati Mills, formerly Forest Fair Mall, is an enclosed shopping center located in the northern suburbs of Cincinnati, Ohio, just outside of the Interstate 275 Outerbelt. ... Wikipedia does not yet have an article with this exact name. ...

Pennsylvania

Jenkintown is a borough located in Montgomery County, Pennsylvania, ten miles (16 km) north of Philadelphia. ... Nickname: City of Brotherly Love, Philly, the Quaker City Motto: Philadelphia maneto (Let brotherly love continue) Location in Pennsylvania Coordinates: Country United States State Pennsylvania County Philadelphia Founded October 27, 1682 Incorporated October 25, 1701 Mayor John F. Street (D) Area    - City 369. ... Wynnewood is a city located in Garvin County, Oklahoma. ...

South Carolina

  • Columbia - Richland Fashion Mall (later Dillard's, then Black Lion; current status unknown. Mall is now lifestyle center)

Dillards (NYSE: DDS), based in Little Rock, Arkansas, is a major department store chain in the United States, with 330 stores in 29 states. ...

Pop Culture References

Bonwit Teller was the store that was blown up in the motion picture Die Hard With a Vengeance at the start of the film. Die Hard with a Vengeance is the third film in the Die Hard series starring Bruce Willis as policeman John McClane, released in 1995. ...


Bonwit Teller was the store in the movie Rocky in which Rocky bought himself his black jacket with a tiger on the back and an expensive fur coat for Adrian.


Influences

Horace Hagedorn, founder of Miracle Gro, says of his mother Blanche:

had a great deal to do with my success. An entrepreneur herself, she had her own business in the early 1900s as a dressmaker and launched her own ready-to-wear business. At the time, if a woman was invited to an affair, she would have to plan four to six weeks in advance to get the dress she wanted. My mother, who was very enterprising, would find out about upcoming events and then call friends of guests, saying, "I understand Mrs. So and So is going to this affair, are you going?" Often the woman would respond that she didn’t have time to get a dress, and my mother would say, "If you have a few hours, you can have a new dress." She would bring a valise full of new dresses to the woman's home and adapt a ready-to-wear dress to the woman's measurements. In a much shorter time than the four to six weeks for a custom made dress, these "ready-to-wear" dresses would be finished. My mother saw a need and filled it — that was the reason for her success. After she established her business, she opened a shop for her dresses; years later, Paul Bonwit made an offer to buy her out, and Bonwit Teller was born. She passed along to me her sense of independence.

Links

Notes

  1. ^ http://dlxs.lib.wayne.edu/d/dhhcc/retailers/bonwitteller.html
  2. ^ http://dlxs.lib.wayne.edu/d/dhhcc/retailers/bonwitteller.html
  3. ^ http://www.thecityreview.com/trumpt.html
  4. ^ "Suit Slams How Congel Covered Losses" Syracuse Post-Standard. May 28, 2006

  Results from FactBites:
 
Bonwit Teller - Wikipedia, the free encyclopedia (798 words)
The firm was incorporated in 1907 as Bonwit Teller and Company and in 1911 relocated yet again, this time to the corner of Fifth Avenue and Thirty-eighth Street.
Bonwit agreed to let Odlum's wife Hortense serve as a consultant to the company in 1932, and two years later--poor health and the death of his wife--he sold the firm to Atlas Corporation.
The Pyramid Company purchased the Bonwit Teller chain from bankruptcy court for $8 million in 1990, since the store was planned to be one of four major anchors in the company's then soon-to-open Carousel Center mall in Syracuse, New York.
Paul Bonwit - Wikipedia, the free encyclopedia (460 words)
The partners incorporated their firm in 1907 as Bonwit Teller and Company and in 1911 relocated yet again, this time to the corner of Fifth Avenue and Thirty-eighth Street.
Bonwit agreed to let Odlum's wife Hortense serve as a consultant to the company in 1932, and two years later--dogged by poor health and saddened by the death of his wife--he sold the firm to Odlum's Atlas Corporation.
Paul Bonwit is interred in a private mausoleum in Kensico Cemetery in Valhalla, New York.
  More results at FactBites »

 

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