The number of deals announced in the global retail sector declined by 11.8% during the week ended June 14, 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 decline this week is after the growth witnessed during the previous week.”

Deal activity has also remained inconsistent across geographies since the COVID-19 outbreak. While deal activity decreased in the US and China during the week ended June 14 compared to the previous week, the UK and Australia witnessed improvement.

Deal types such as mergers and acquisitions (M&A), equity offering and debt offerings witnessed decline in volume during the week ended June 14, 2020, compared to the previous week while private equity and venture financing deal volume increased.