Thursday, April 19, 2018
Business

Could HSN's Mindy Grossman be the next CEO of Target?

HSN's Mindy Grossman is one of several names being floated for Target's top job.

It seems doubtful Grossman would want to leave Florida for Minnesota, but she must be flattered. Target did $72.6 billion in sales last year. HSN did $3.4 billion.

Target is said to be looking for a fresh face to run the company after booting CEO Gregg Steinhagel in May as fallout for the holiday data breach.

Other names cycling through the rumor mill: Bon-Ton Stores' Brendan Hoffman; Gap's Glenn Murphy; Victoria's Secret's Sharencq Turney; Sam's Club's Rosalind Brewer; Foot Locker's Ken Hicks; Roger Farah, former president of Ralph Lauren; Matt Rubel, a senior adviser at TPG Capital; Sharon McCollam, chief financial officer of Best Buy; and Angela Ahrendts, senior vice president of retail at Apple.

National media outlets, while mentioning Grossman as a contender, have reported that she's not interested in the job. St. Petersburg-based HSN declined comment, citing it doesn't talk about speculation.

Grossman joined HSN in 2006 after working for Nike and Polo Jeans.

Regardless of who gets the job, it's obvious Grossman has earned thick stripes in the retail world. She knows how to juggle online, mobile and brick and mortar. She's also well-connected in the fashion world and among celebrities.

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