Is Kansas City on the right track?
Think about it. In generations past the Cowtown had a lot going for it. The mighty Missouri River, the stockyards, Kansas City Board of Trade and Kansas City Southern Railroad for starters.
Moving forward, Hallmark Cards, Russell Stover Candies, AMC Theatres, H&R Block and more recently Applebee’s, Sprint and Garmin were the local big dogs.
Those are some of the iconic companies that helped put KC on the map.
Unfortunately most of those business icons have either tanked or are struggling to remain relevant.
Let’s count ‘em down:
The fabled stockyards – long gone – the Board of Trade – toast.
Even the vaunted Hallmark is fighting what appears to be a losing battle.
What’s left of Russell Stover sold out to the Swiss – AMC and Sprint to the Chinese – and just about anybody and everybody from cellphone makers on down are eating Garmin’s lunch. It closed its flagship retail store in Chicago late last year.
Block soldiers on – bouncing from speed bump to speed bump – while nail biting about the possible arrival of a flat or simplified tax plan. Sprint is hanging on for dear life, waiting for a savior to put it out of its misery. Applebee’s bailed a couple years back for the Left Coast.
The $65 million question:
What companies will take these legends places?
Anybody? Continue reading