The number of deals announced in the global retail sector increased by 39.3% during the week ended May 17, 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 surrounding the COVID-19 outbreak and this growth reversed the decline witnessed during the previous week.

“Deal activity increased in markets such as the UK and China while the US maintained the same level.”

Key deal types such as venture financing, mergers and acquisitions (M&A), private equity and equity offerings witnessed growth in volume during the week ended May 17, 2020, compared to the previous week, while debt offerings deal volume decreased.