Home Depot to Close Big-Box Stores in China
September 17, 2012
Atlanta-based The Home Depot Inc. plans to close its remaining seven big-box outlets in China. The company said it will continue to operate two specialty stores in Tianjin and is developing relations with Chinese e-commerce websites. Home Depot entered China in 2006 when it acquired The Home Way, a 12-outlet chain of stores based on the American format.