Although not everything that home improvement superstore operator
Home Depot (NYSE:
HD)
has tried worked, management deserves credit for being ready with a
quick hook when it seems clear that an idea just isn't going to live up
to expectations. That seems to be the case with the company's plans for
China, as management has announced that it will be closing its remaining
big box stores in China and shifting to a strategy of specialty stores
and
e-commerce.
Please read more here:
http://www.investopedia.com/stock-analysis/2012/Home-Depot-Chooses-Profits-Over-Empire-Building-HD-BBY-WMT-YUM0918.aspx
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