03 Jun 2020
Posted in Business Fundamentals
Retail sector witnessed 3.2% decline in deal activity during the week ended May 31
The number of deals announced in the global retail sector declined by 3.2% during the week ended May 31, 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. The sector has been witnessing inconsistent deal activity since the outbreak and this is the sector’s second consecutive week of decline in deal volume.”
Deal activity has remained inconsistent across geographies since the COVID-19 outbreak. While activity decreased in the US, the UK, China and Japan during the week ended May 31 compared to the previous week, India, Canada and France showcased improvement.
Deal types such as mergers and acquisitions (M&A) and private equity witnessed decline in volume during the week ended May 31, 2020, compared to the previous week while venture financing and equity offerings deal volume increased and debt offerings deal volume remained at the same level.