Lululemon sues Costco over alleged sale of ‘dupes' copying $128 pants, $118 hoodies at fraction of price
1. Lululemon is suing Costco for selling unlicensed knockoff apparel. 2. The lawsuit claims Costco infringed on Lululemon's intellectual property. 3. Costco’s apparel is significantly cheaper than Lululemon’s products. 4. Lululemon seeks financial damages and a court order to stop sales. 5. Shares of Lululemon rose 2.2% after the news amid a poor year.