Maybe much later. Google books search of
"progressive fibre & luggage" new york
brings up the earliest listing in 1955 through about 1970. Archive.org has a
1956 industrial directory.
Looks like they started calling themselves
Progressive Fibre & Sample Case in 1964.
My attempts to work backwards aren't proving fruitful yet. There was a
C.D. Wood Electric Company at 826 Broadway in 1942, but they made electric cords.
826 Broadway looks like a vintage 10ish story building, so could have been multiple businesses, but seems some residential listings overlap, etc during that time. I'm finding some, but not too many businesses overlapping in the same year, so maybe they had the ground floor, or they lived there.
With a nice full leather handle like that I find it hard to believe its that late, but I guess anything is possible, maybe they were trying to stay upscale.