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Penneys share disappointing news about their autumn/winter collection

Penneys have warned customers that their autumn/winter inventory is experiencing significant delays.

Irish shoppers may have to wait a little bit longer for new pieces to land in store due to shipment disruptions.

A spokesperson for the popular retailer said: “We are experiencing some delays to the handover of some autumn and winter inventory caused by port and container freight disruptions.”

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“These delays are expected to reduce the inventory at the year-end by some £200m compared to expectation with a corresponding increase in cash on hand.”

On Monday, Penneys said that sales of its autumn and winter ranges have started well, with inventory during the last lockdown increasing by £400m above normal levels.

The retailer also revealed that autumn/winter stock held over from when stores were closed last year will be sold in the next few months.

 

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