Mindy Grossman Flirts with JC Penney, 3 Reasons Why She Should Stay Away

July 14, 2014

Despite JC Penney’s business demonstrating a pulse this year after a disastrous 2013, the company is having trouble securing a permanent CEO to take the reins from current leader Mike Ullman. The CEO of Home Shopping Network, Mindy Grossman, a highly-regarded retail industry executive, reportedly turned down the chance to become JC Penney’s next captain some two months ago. The reasons why she may have rebuffed the department store chain are numerous. TheStreet's Retail Contributor Brian Sozzi shares how Grossman likely assessed the storied retailer of apparel and home goods and made her decision to stay away.