The search goes on for a new CEO at J.C. Penney

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

J.C. Penney (JCP -1.4%) is back to the drawing board in its hunt for a new CEO after HSN's (HSNI +0.2%) Mindy Grossman opts to stay put, according to the WSJ.

The retailer has been searching for over a year to find the right replacement for interim CEO Mike Ullman.