00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Lululemon filed a lawsuit Friday accusing Costco of copying its patented athleisure designs
00:07and selling them under its Kirkland signature brand, according to NPR.
00:11The plan alleges Costco is unlawfully trading on Lululemon's reputation
00:13by offering unauthorized apparel at lower prices.
00:17The apparel retailer cited social media trends such as the hashtag Lululemon dupes
00:21as evidence of consumer confusion.
00:23Lululemon emphasized the importance of protecting its intellectual property,
00:26citing its heavy investment in design and innovation.
00:28The suit marks a high-profile class between the $10 billion athletic brand
00:33and the wholesale giant which reported $254.5 billion in revenue in fiscal 2024.
00:40Costco has not responded to a request for comment.
00:42For all things money, visit Benzinga.com.
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