J.C. Penney (NYSE:JCP) is clearly moving in the right direction when it comes to its turnaround. Both sales and profit margins are showing promising performance, and management is quite optimistic regarding chances for a sustainable turnaround. Importantly, the company still offers substantial room for gains when compared with industry peers Macy's (NYSE:M) and Kohl's (NYSE:KSS).

The slideshow below contains some ideas for investors interested in J.C. Penney and its potential for gains in the years ahead. 

This coming consumer device can change your financial future
Imagine the multibillion-dollar sales potential behind a product that can revolutionize the way the world shops and interacts with its favorite brands every day. Now picture one small, under-the-radar company at the epicenter of this revolution that makes this all possible. And its stock price has nearly an unlimited runway ahead for early, in-the-know investors. To be one of them and hop aboard this stock before it takes off, just click here.  

Andrés Cardenal has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.