January 27, 2011

Home Depot's collection of Chinese stores has dwindled to seven, with the closing of a store in Beijing in January -- the fifth closing in a little more than two years. 

The moves reflect the retailer's strategy to adjust its focus on key markets, rather than scatter its attention around the country. The Atlanta-based retail giant operates seven stores in three Chinese cities -- four in Tianjin, two in Xi'an and a smaller, 50,000-sq.-ft. format pilot store in Zheng Zhou.