Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
Maersk Raises 2026 Earnings Outlook as Shipping Profits Beat Expectations 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity 
SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal 
Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth 
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover 
Tesla Roadster Reveal Could Feature SpaceX Thrusters in August 
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion 
Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
Add as a preferred source on Google
Nike Inc. filed a lawsuit against Lululemon Athletica Inc. on Monday, Jan. 30, over alleged patent infringement of its shoe designs. The case was filed at the U.S. federal court in Manhattan, New York.
In its complaint, the Oregon-headquartered footwear and sports apparel manufacturer said it has been harmed economically and incurred irreparable damage after the Canadian athletic apparel retailer sold its Chargefeel Low, Chargefeel Mid, Blissfeel, and Strongfeel sneakers.
According to CNBC, Nike is seeking unspecified damages for the patent infringement case against Lululemon. The company said it has filed for three patent cases and they are focused on its textile elements in the shoe designs.
Some of the things mentioned include the webbed parts in the footwear, the knitted elements, and the tubular structures. It was added that one of Nike’s claims also touched on the sneaker’s performance.
This is not the first time that Nike sued Lululemon. In January 2022, it brought the Canadian retailer to court for allegedly infringing on six of its patents related to its interactive home Mirror fitness device and mobile applications. Nike wants triple damage compensations for these cases.
Nike said that it already filed a patent for the device that determines calories, running speed, and distance travelled in 1983. The Mirror which is connected to an app also guides users through exercises and cardio classes.
In any case, Nike’s latest lawsuit against Lululemon is about the new sneakers that were released by the latter in March and July. The release of the shoes marked Lululemon’s venture into the sneaker market but Nike said these products have infringed its design patents and caused huge damage to the company.
Lululemon could not respond to requests for comments regarding this matter. But in the previous lawsuits that were filed by Nike, it said that the “patents in question are overly broad and invalid. We are confident in our position and look forward to defending it in court.”
