The number of deals announced in the global retail sector decreased by 42.9% during the week ended May 10, 2020, compared to the previous week, according to GlobalData’s deals database.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in the retail sector has remained inconsistent due to volatile market conditions since the COVID-19 outbreak and this decline was after three consecutive weeks of growth in deal volume.”

Deal activity decreased in key markets such as the UK, China and Japan during the week while the US witnessed growth.

Announcement of venture financing, mergers and acquisitions (M&A) and equity offering deals decreased by 46.7%, 73.7% and 66.7%, respectively during the week, however, debt offerings deal volume increased by 50%.