Boston GlobeJC Penney profit tumbles 51%, hurt by promotionsMarketWatchBy Andria Cheng, MarketWatch NEW YORK (MarketWatch) -- JC Penney Co.'s fourth-quarter profit fell 51% after a dismal holiday selling season accompanied by steep promotions to attract shoppers reluctant to spend.JC Penney Co. 4Q profit drops 50% Bizjournals.comJC Penney reports 51 percent slide in 4Q profit The Associated PressCNNMoney.com - Bloomberg - Reuters - Forbesall 251 news articles