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

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

Goldman recommends Foot Locker shares, sees 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 | Getty Images

Many traditional retail outlets may be struggling to compete with direct-to-consumer efforts from major brands, but Foot Locker is proving that it will be a long-term player and its stock will benefit, according to Goldman Sachs.