First up is a favorite of mine Kohl’s, about a month ago Kohl’s board approved a $2BB buyback of its common shares for this upcoming year, this $2BB represents approximately 13% of all outstanding shares. This is a massive amount of stock to be buyback and shows the company’s overall bullish tone to their own business. One top of the buyback, Deutsche Banke reiterated its buy rating of $75 per share. The bank believes that the repurchase plan will add to full-year 2007 and full-year 2008 earnings-per-share growth. Kohl’s is one of the few stores where both mid-class and high-mid class women shop; couple this with a huge buyback and this stock looks very attractive

Also worth looking at Is Target, Jim called Target “The gold standard of shopping because of its variety and excitement” What makes Target worth owning to investors is that it generates more growth than any other broad retailer and that it is planning to sell its credit-card business. Recent figures suggest that Targets credit-card business could be worth more than $5 billion. Jim called Target “The Wal-Mart killer”

RL is a Rocket Stock for this week, but clearly its a longer-term play. Jim called this one of his top retail stocks. Down massively from its 52-week high RL is a play on the high end consumer and the fact that RL is transforming its business model from being a niche based clothing company to a worldwide fashion empire that includes home goods is a nice trend

Near its 52-week low Nordstrom is the perfect play on the high-end shopper. Yesterday Morgan Stanley downgraded the stock, I want to use this downgrade to start buying up this hated stock. With estimates so low, it's hard to blieve that Nordstrom is going to fall much more. Most of Nordstroms shoppers are not affected by gas prices and the housing market, so to lume them together is wrong. With a good balance sheet I think JWN is a buy

Another retail stock I like is American Eagle, It is nearly impossible to call a bottom when you invest in stocks, but if you are an insider, you certainly have a good idea of when your stock is insanely cheap. AEO has seen insane insider buying within the last two weeks from its CEO and other directors. Trading at just 7x cash flows, Here are the following insider purchases of AEO from August/September: 8-22-07 Jay Schottenstein Office; bought 29,500 shares— Purchased at $22.99-$23 Value= $678,000 8-22-07 Michael Jesselson Office bought 16,800 shares— Purchased at $23.48-$23.54 Value= $395,000 8-23-07 Jay Schottenstein Office; bought 122,000 shares—Purchased at $23.94-$24.25 Value=$2,940,000 8-23-07 Michael Jesselson Office; bought 10,000 shares—Purchased at $24.17 Value= $241,000 8-23-07 Joan Hilson Office; bought 5,000 shares—Purchased at $24.90 Value- $121,500 9-7-07 Jay Schottenstein Office; bought 433,100 shares—Purchased at $24.15-$24.25 Value= $10,481,000 Insider buying equated to a total of $15,650,000 dollars in total, these purchases were made in under two weeks time showing the importance of them. I think AEO is a great retail stock.

Near its 52-week low SHLD has been hardest hit by the downturn in the housing market. Though, that isnt stoping ESL in buying back even more shares. With $3BB in cash, SHLD is one of the best stocks to own once the housing market turns around. SHLD is also a major holding of Perry Corp and SAC Capital. Clearly, these guys believe in the longer-term view of ESL and so do !

TJX sells family apparel and home fashions through its T.J. Maxx, Marshalls, and A.J. Wright retail chains in the United States. I like the Marshall brand a lot and thing it should be spun off. If things are really bad out there then Marshall's is great, as it sells lots of its items for cheap.

NIKE earnings/numbers where it amazes me that an analyst could downgrade FootLocker. Just in case that analyst didn't know Foot Locker primarily sells Nike footwear and clothing gear, those goods that have super-high profit margins and caused Nike to crush numbers. Weekly Catalyst: Senseless downgrade tampered with a rally in this name last week, investors need to look no further then Nike to see how strong the sports retail sector is. Footlocker is ready to rally