date:Apr 18, 2014
After nearly tripling its loss last year, fast-casual chain Cosi, Inc. has unveiled major measures to restore profitability. Among them, moving headquarters from Deerfield, Ill., to Boston, shuttering underperforming units and selling company-owned stores are planned for the coming year.
R.J. Dourney, who in March was named president and chief executive officer, discussed the changes on April 16 during a conference call with financial analysts.
Over the past 12 years, we have lost over $200 mi