{
  "id": 6658705,
  "title": "Nike, Lululemon, Shein woes: A silver lining in Singapore’s lack of listed consumer brands",
  "url": "https://urgent.news/2026/09/10/nike-lululemon-shein-woes-a-silver-lining-in-singapores-lack-of",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T23:00:00.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/opinion-features/nike-lululemon-shein-woes-silver-lining-singapores-lack-listed-consumer-brands"
  },
  "original_language": "en",
  "account": "Singapore's stock exchange lacks the excitement and innovation often associated with global retail brands. Instead, the local bourse is populated with more traditional, stable businesses. Notable companies like Nike and Lululemon have recently faced significant challenges that have resulted in substantial declines in their market value and stock performance.\n\nNike, which has been a part of the S&P 100 index for nearly 18 years, is set to be removed from the index in September 2026. The stock has plummeted nearly 78 percent from its November 2021 peak, eroding more than US$200 billion in market value. Similarly, Lululemon, a popular athletic apparel retailer, is currently trading at an eight-year low, marking an 80 percent decrease from its December 2023 high. In its latest quarter, which ended on Aug 2, comparable sales at Lululemon fell by 9 percent, while the sales of leggings, the company's signature product, declined by an even steeper 20 percent.\n\nThe struggles faced by these consumer brands in Singapore serve as a reminder that the country's stock exchange may not be as exciting or dynamic as its global counterparts. However, it does provide a stable environment for investors seeking more traditional, solid businesses.",
  "summary": "The local bourse doesn’t have exciting, paradigm-shifting brand names. It has boring – but solid – businesses",
  "key_points": [
    "Nike set to be removed from S&P 100 index in September 2026",
    "Lululemon trading at eight-year low, 80% decrease from December 2023 high",
    "Consumer brand struggles highlight Singapore's stable but less dynamic stock exchange"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}