"We are working closely with our suppliers in China to assess the impact on their factories.''
The owner of Penneys has warned it could see supply shortages later this year due to the coronavirus.
Associated British Foods says it sources a broad range of products from China, and is working with suppliers to assess any impact on factories.
The company said: "The effect on supply chains for businesses dependent on Chinese sourcing continues to evolve.
"A number of our food businesses have operations in China."
"Primark sources a broad assortment of its product from China.
"We typically build inventories in advance of Chinese New Year and, as a consequence, are well stocked with cover for several months and do not expect any short-term impact.
"We are working closely with our suppliers in China to assess the impact on their factories and supply chains and their ability to fulfil our current orders."
It also added: "If delays to factory production are prolonged, the risk of supply shortages on some lines later this financial year increases.
"We are assessing mitigating strategies, including a step up in production from existing suppliers in other regions."
Penneys also operates as Primark in the UK, Spain, Portugal, Germany, the Netherlands, Belgium, Austria, France, Italy, Slovenia and the US.
It's looking at stepping up in production in other regions as a result.
