The number of deals announced in the global retail sector grew by 3.3% during the week ended June 21, 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. This recent growth reversed the decline that the sector witnessed during the previous week.”

Deal activity has also remained inconsistent across geographies since the COVID-19 outbreak. While deal activity improved in Canada and India during the week ended June 21 compared to the previous week, the US, the UK and China witnessed decline.

Deal types such as mergers and acquisitions (M&A) and venture financing witnessed growth in volume during the week ended June 21, 2020, compared to the previous week while private equity, equity offering and debt offerings deal volume declined.