"[BEIJING] Home Depot Inc., the U.S.-based home improvement retailer, said
Friday it will close its remaining seven big box outlets in China and focus
on Internet-based sales and specialty stores."

http://www.cbsnews.com/8301-505245_1...g-box-outlets/

Other reports (WSJ - behind a paywall) attribute the Home Depot failure to
labor being so cheap in China that home and apartment dwellers find it
cheaper to hire work done rather than do it themselves.