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As Amazon and Wal-Mart consolidate, small retailers are being left in the dust

Amazon's "hulking shadow" just won't go away, and it's only going to grow, according to a new note from Moody's Investors Service.

"Almost every sub-segment of retail is feeling the looming shadow of Amazon's ever-increasing presence online," Charlie O'Shea, Moody's lead retail analyst and author of the report, said.

He used Prime Day as an example of how Amazon is separating itself from the rest by creating its own shopping event and leaving the so-called little guys scant room to compete.

"Virtually every sub-segment of retail, other than auto retail and pharmacy, are caught in the cross-hairs of Amazon's constantly-morphing online presence," O'Shea said.

Aside from the internet giant, Moody's also expects other "bigger competitors" — Target, Best Buy and even department stores — to continue to consolidate ahead of "smaller competitors." This will put further stress on smaller retailers — J. Crew, GNC and Abercrombie & Fitch, as...


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