The number of deals announced in the global retail sector grew by 3.2% during the week ended June 28, 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. However, this is the second consecutive week of growth in deal activity for the sector while some of the previous weeks also witnessed decline.”

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

Bose continues: “Deal types such as private equity and venture financing witnessed growth in volume during the week while the number of equity offering deals declined. Mergers and acquisitions (M&A) and debt offerings deal volume remained at the same level.”