Amazon is the "Wal-Mart of our generation," he said. "They are just doing everything right. Their sales are growing much higher than the reported numbers look." He also likes Apple.
Read More Target vs. Amazon: Subscription services
Athletic names such as Nike, Sketchers and Columbia Sportswear are also doing well, Berman added.
"If you notice those winners, they're more brand names. They are not really competing against the Internet" like traditional brick and mortar retailers, he said.
Names like Staples, TJX, Urban Outfitters, and Dick's Sporting Goods were all hammered on Tuesday.
Staples, facing competition from online retailers and mass merchants, predicted a drop in sales in the current quarter. T.J. Maxx cut its full-year earnings forecast, Urban Outfitters' quarterly profits were below analyst expectations, and Dick's Sporting Goods' current quarter earnings fell below estimates. The sporting goods chain also reduced its full-year adjusted earnings and same-store sales growth outlooks.
Read MoreStaples forecasts fall in sales
Berman, who predicted a terrible third quarter for retail in 2013, expects more bad news when additional retailers report in the next week or two.
"We're in a secular decline in retail," he said. "We're going to get horrible numbers again."
—By CNBC's Michelle Fox