CafePress (PRSS) Announces Additional Cost-Savings Initiatives; Plans to Move into Smaller Facility
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CafePress Announces Additional Expense Management Initiatives
June 15, 2015 9:10 AM EDTLOUISVILLE, Ky.--(BUSINESS WIRE)-- CafePress Inc. (NASDAQ: PRSS) (the Company) announced that it has concluded several cost reduction initiatives designed to unlock sustainable savings opportunities and maximize operating efficiencies. These initiatives are complementary to the previously announced business divestitures that have significantly streamlined the business and strengthened its balance sheet. CafePress' expense reduction initiatives span the Companys operations and are strategic to achieving its goal of stabilizing, optimizing and energizing the business over time.
Specifically, the Company announced that it intends to move its Bay Area operations into a smaller facility... More
