Goldman recommends Foot Locker shares, see a 19% gain from here as store remains key partner for Nike

Customers walk with Foot Locker shopping bags on the Third Street promenade in Santa Monica, California.

Patrick T. Fallon | Bloomberg | .

Lot of traditional retail outlets can be struggling for compete with direct-to-consumer efforts by major brands, but Foot Locker is proving it will be a long term player and its stock will benefit, according to Goldman Sachs.

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