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
ST One Digital Package - Monthly
$9.90 $0.99/month
No contract
$0.99/month for the first 3 months, $9.90/month thereafter. T&Cs apply.
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
2-week e-paper archive so you never miss out on any topic that matters to you