Allowed Memory Size Exhausted

Hoping someone here can help as I am not strong in PHP. I am trying to do some spring cleaning on inventory so I am trying to download a Full Easy Populate file locally on my laptop, but every time I attempt to create the .txt file I get the below error on my php log file and I get 0 byte text file.

Can someone tell me how I can correct this?

19-Mar-2010 23:43:08] PHP Fatal error: Allowed memory size of 134217728 bytes exhausted (tried to allocate 32928572 bytes) in Unknown on line 0

Thanks

You hosting configuration hasn't the memory to handle your request. Create the file in smaller chunks or contact your webhost.

~Melanie

I am trying to do some spring cleaning on inventory so I am trying to download a Full Easy Populate file locally on my laptop,...

Can someone tell me how I can correct this?
Is this a local test environment on your laptop like XAMP OR WAMP?