Giving back: Baton Rouge-based Walk-On’s has launched a new philanthropic arm named the Game On Foundation to support youth sports facilities. Walk-On’s aims to raise $100,000 for the foundation this year to help provide young athletes with equipment, parks and fields. Read the full announcement from Walk-On’s.
Shopping changes: Yes, the internet has changed the way we shop. But taken together, other factors have caused greater harm to traditional retail stores, according to a New York Times analysis of the industry. Big box stores, income inequality and a desire to spend more on services than on products have also had a great effect on retailers, the story argues. Read the full story here.
Savings grow: The average 401(k) hit a record last year, with balances rising 17% to $112,300 from the end of 2018, according to a review of 17.3 million accounts by Fidelity Investments. The average individual retirement account, or IRA, balance rose the same percentage to $115,400. Surging markets worldwide were a big reason for the growth: The S&P 500 index had one of its best years in decades with a 31.5% return. Read the full story.