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Sears, Roebuck & Co. raised its quarterly common stock dividend to 50 cents a share from 44 cents, payable April 1 to shareholders of record Feb. 27 . . .
La Caze Development Co. has purchased the site of the Sears store in the Escondido Village Mall for
Sears, Roebuck & Co., citing a slowdown in the economy combined with one-time property sales that
Xerox Realty Corp. and Homart Development Co. will start construction this fall on the first phase of a twin-tower, 510,000-square-foot office complex about a mile south of Los Angeles International Airport in El Segundo.
Celebrating the historic Crenshaw Shopping Center's most concrete symbol of resurgence since it began its troublesome decline, Los Angeles officials Thursday announced that a third major department store will be added to help anchor the redeveloped mall.
Sears World Trade, a unit of the Chicago-based retailer, said it intends to acquire a 75
selected Sears products on a televised home shopping program.
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