Moat Index
Companies· Consumer & Media

WalmartWMT

Moat score

The largest retailer in the world turned its store footprint into a logistics network and an ad business.

MOATE3.4Deep
3.4 Deep
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DimensionMOATECommunity
Switching costsweight 15Shoppers switch freely; Walmart+ and grocery habit add modest stickiness.4
Network effectsweight 15Marketplace sellers and the Walmart Connect ad network are starting to compound.5
Scale & cost advantageweight 12The definitional case in physical retail: purchasing scale no competitor can match.10
Brand & pricing powerweight 12Trust on price is a brand; it constrains margins but holds customers through every cycle.7
Cornered resourceweight 12Thousands of stores within ten miles of most Americans, doubling as fulfillment nodes.8
Distribution controlweight 12Owns the stores, the app, and the last mile for a large share of US grocery.8
Disruption resilienceweight 12Survived and answered Amazon; omnichannel is now an advantage rather than a catch-up.7
Independenceweight 10Labor and antitrust scrutiny, but no platform or supplier holds leverage over it.7

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How strong is Walmart's moat?

Question 1 of 8

Switching costs

Switching costs · weight 15

How painful — in money, time, risk, retraining — is it for a customer to leave?

5