![]() CNBC | JC Penney Plunges After Cutting Profit Forecast (Update1) Bloomberg - By Lauren Coleman-Lochner March 28 (Bloomberg) -- JC Penney Co., the third-largest US department-store chain, plunged the most in more than 20 years in New York trading after the retailer cut its sales and earnings forecasts on slower consumer spending ... JC Penney cuts first-quarter forecast JP Penney Slashes Guidance, |