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Woolworth Plans Job Cuts: The nation’s 10th-largest retailer said it will eliminate 2,000 positions to reduce costs and further improve its financial results, even though its quarterly profit rebounded. The restructuring is the first major initiative by Roger Farah, former R.H. Macy & Co. president, since he joined the New York-based retailer as chairman and chief executive in December. Farah had been expected to unveil a plan to rid the company of its unprofitable or aging stores. He said the cost cuts will result in an annual pretax savings of $100 million after severance costs. Woolworth reported a profit of $90 million for the quarter ended Jan. 28, after a year-ago loss of $111 million.