According to Home Channel News, Home Depot has reached an agreement with 360Buy.com, one of China’s biggest retailers. This will allow Home Depot to launch its own Chinese e-commerce sales after announcing the closing of seven remaining big-box stores in China earlier this month.
said it was in the beginning stages of developing relationships with several of
China’s leading e-commerce websites, but it did not name which ones.
Carol Tome, Home Depot’s CFO, has been reported to say that
Home Depot has already started selling goods on 360Buy.com in China and is
looking for opportunities to partner with other e-commerce sites. This includes
Alibaba Group’s Tmall.com, a competitor of 360Buy.com.
the agreement so far, 360Buy.com will provide Home Depot with a platform to
open its online stores.
Home Channel News, via the Morning Whistle
Home Depot partners with 360Buy.com
September 26, 2012