Penneys warns of clothes shortage due to coronavirus

Penneys owner ABF said supplies could be hit should the reopening of Chinese factories be delayed because the retailer sources much of its clothing lines from Asia.

By Eamon Quinn and Geoff Percival

Global shares crashed as fears over the fallout of the spread of the coronavirus in Italy hit the shares of Ryanair and EasyJet hard, and led to a warning from retailer Penneys about potential difficulties sourcing its clothes from Chinese factories later this year.