Why Chinese consumers rejected Home Depot

10:55 AM ET Fri, 14 June 2019

In 2006, Home Depot bought Home Way, a Chinese home improvement company. The 12 stores it gained in the acquisition marked the first time Home Depot had expanded beyond the U.S., Canada, and Mexico. But within six years, the company had closed all its stores in China. With a booming economy and strong real estate market, China seemed like an easy win for Home Depot. Watch this video to find out what happened.