SINGAPORE - When furniture retailer Vhive realised that it was losing business to online rivals, its management decided that they could not sit tight and hope for the best.
Instead, they closed the last of its stores last month, spelling an end to a decades-long run that started in the 1990s.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
