Two of the best-known companies in the industry, Walmart (NYSE: WMT) and Target (NYSE: TGT), are preparing for a notable slowdown, as growth expectations for the current fiscal year are muted. With macroeconomic issues like higher interest rates and stubborn inflation pinching consumers' ability to spend, retailers are bracing for tougher times ahead. With its intense focus on providing low prices, Walmart's value proposition is put on full display when inflation is running hot and customers are looking to save money.