Walmart preps for turbulence, to take hit to keep prices low

As tariff-spooked shoppers begin pulling back on spending, Walmart Inc. is prepping for a worsening economy by using its massive footprint to keep prices low and hunt for ways to take market share.

On Wednesday, the world’s largest retailer said in a statement that it still sees net sales growing 3% to 4% this year. That forecast accounts for tariffs, unlike its previous outlook from February. 

Walmart, which has historically performed well in economic downturns, plans to absorb...