RETAIL

Woolworth Reinstates CEO: William Lavin, who had stepped aside as chairman and CEO during an investigation into accounting irregularities in Woolworth Corp.’s 1992 and 1993 fiscal years, was reinstated as chief executive. Charles Young, the chief financial officer who also stepped aside during the probe, resigned. Woolworth also named John Adams, the board member who was interim chairman and CEO, a non-executive chairman, for an extra layer of supervision. Lavin was also appointed vice chairman.