The number of deals announced in the global retail sector grew by 13.3% during the week ended June 7, 2020, compared to the previous week, according to GlobalData’s deals database.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The retail sector is among the worst hit due to COVID-19 and has been witnessing inconsistent deal activity since the outbreak. The growth during this week reversed the decline that the sector witnessed for the past two weeks.”

Deal activity has also remained inconsistent across geographies since the COVID-19 outbreak. While deal activity increased in the US and the UK during the week ended June 7 compared to the previous week, Canada and Australia witnessed decline and deal volume remained at the same level in China.

Deal types such as mergers and acquisitions (M&A), equity offering and debt offerings witnessed growth in volume during the week ended June 7, 2020, compared to the previous week while private equity and venture financing deal volume declined.