- Home Depot names new Canadian chief
- Home Depot's Menear honored by City of Hope
- Sears taps former Lehman Brothers VP to lead Craftsman
- Home Depot in China: Fewer cities, tighter focus
- Tis the season for shipping strategy
- At Bed Bath & Beyond, a strong Q3
- New Product Showcase: Building for the future
British retail giant Kingfisher plans to go about its DIY retail business in China with a new approach, according to an article in the Financial Times.
The company's CEO Ian Cheshire told the newspaper that big-box DIY "is not the model for China," which has proven difficult for DIY retailers to gain acceptance. The international retailer is trying a showroom format targeting the do-it-for-me customer.
Two years ago Kingfisher closed 22 of its DIY stores in China. It now operates 40 stores in China.
Atlanta-based Home Depot also recognizes Chinese resistance to western-style DIY habits, and it too has closed a handful of stores over the past two years, cutting its presence there to eight locations. In February, Home Depot announced an effort to focus its China business on select, high-growth markets, especially Tianjin and Xi'an.