New Tescos Boss Launches ‘Feet on the Floor’ Initiative
October 1, 2014 10:01 am
New boss of under pressure supermarket group Tesco (TSCO.L), David Lewis has announced a move designed to boost confidence in the under performing supermarket after recent news of an accounting profit overstatement by £250Million and falling sales.
The move dubbed ‘feet on the floor’ will see thousands of head office staff required to work one day every fortnight in selected stores around the UK. David Lewis himself along with Chief Financial Officer Alan Stewart will be amongst those taking part in an effort to boost morale.
The FCA has notified Tesco that it will be looking into the recent accounting incident which saw four top staff suspended and Tesco accountants Deliotte are also conducting a seperate review. Tesco half year results have been postponed to 23rd October pending the outcome.
New boss of under pressure supermarket group Tesco (TSCO.L), David Lewis has announced a move designed to boost confidence in the under performing supermarket after recent news of an accounting profit overstatement by £250Million and falling sales.
The move dubbed ‘feet on the floor’ will see thousands of head office staff required to work one day every fortnight in selected stores around the UK. David Lewis himself along with Chief Financial Officer Alan Stewart will be amongst those taking part in an effort to boost morale.
The FCA has notified Tesco that it will be looking into the recent accounting incident which saw four top staff suspended and Tesco accountants Deliotte are also conducting a seperate review. Tesco half year results have been postponed to 23rd October pending the outcome.
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