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Kansas City Business Journal

Kansas City-Based Hallmark Will Eliminate 400 Jobs

Jan 6, 2020
Andrew Grumke / Kansas City Business Journal

Hallmark Cards Inc. plans to eliminate approximately 400 jobs — including about 325 at its Kansas City headquarters — as the company thinks strategically about the future.

Last year, the Kansas City-based business shuttered its Home and Gifts division, which employed approximately 60 people, and it eliminated fewer than a dozen positions in its Hallmark Retail division in an effort to streamline operations and adapt to a challenging retail industry.

JE Dunn and Gould Evans

The American Royal has secured the 115 acres in Kansas City, Kansas, where it plans to build its new $250 million home, the nonprofit announced Tuesday.

The news comes more than three years after the agriculture education and competition organization announced that it planned to relocate from its longtime home in the West Bottoms to the area northwest of Kansas Speedway near Legends Outlets Kansas City.

Adam Vogel / Copyright Kansas City Business Journal

Waddell & Reed Financial Inc. has selected 1400 Baltimore Ave. as the location for its new $140 million headquarters in downtown Kansas City.

Kansas City Royals

If the Kansas City Royals' new ownership group is seriously considering moving the franchise's stadium to Downtown, they aren't showing their cards just yet.

During an introductory press conference Tuesday, new Royals chairman, CEO and controlling owner John Sherman was asked about whether the new owners were considering the move. He responded that the ownership group will be evaluating the potential to move in the coming years, but that there's a general idea that baseball stadiums can have a mutually beneficial relationship with economic development in denser areas.


A scaled-back incentives request for the proposed $133 million Strata project has been approved by the Kansas City Council despite becoming a lightning rod for how the newly elected officials will approach economic incentives for major developments.

The 7-4 vote came after tense and heated debate Thursday on whether to grant incentives to the high-end office tower that has been languishing in City Hall for much of the last year. The project was first announced in late 2018.

Virgin Hyperloop One

Missouri wants to catapult its hyperloop progress by being the first to build a national certification track that would span 12 to 15 miles. It's the next step in eventually getting a permanent route in Missouri, according to the Blue Ribbon Panel on Hyperloop report released Monday.

EJ Holtze Corp.

A $63 million luxury hotel proposed near the Kauffman Center for the Performing Arts will face a tougher road to a city incentive package after a big rejection on Thursday.

Peggy Lowe / KCUR 89.3

In a 3-2 decision divided on party lines, the Federal Communications Commission has formally approved the merger between Sprint Corp. and T-Mobile US Inc.

Although the FCC has telegraphed its approval of the Sprint and T-Mobile merger, that doesn't mean there isn't dissent within the agency.

FCC Commissioner Geoffrey Starks was one of two Democrats to cast a dissenting vote Wednesday, according to Law360.

Dave Kaup / Kansas City Business Journal

Waddell & Reed Financial Inc. has filed notice of its intent to lay off 158 employees.

On Tuesday, the Overland Park-based financial services company disclosed the planned cut in a WARN (Worker Adjustment and Retraining Notification) Act filing.

Waddell & Reed signaled that cuts were coming on June 19, when it announced it would outsource processing of transactions to SS&C Asset Manager Solutions. SS&C's parent company acquired Kansas City-based DST Systems Inc., which had a long-term relationship with Waddell & Reed, in 2018.

Kansas City, Kansas' Schlitterbahn Waterpark May Have Found Its Next Owner

Jun 13, 2019
Kansas City Business Journal

Schlitterbahn’s days in Kansas City could be numbered.

Cedar Fair LP, the Ohio-based theme and water park operator that owns Worlds of Fun, announced early Thursday morning that it had reached a deal with Schlitterbahn to buy two of its Texas parks — in New Braunfels and Galveston — for $261 million, with an option to acquire its Kansas City, Kan., location for an additional $6 million.

Kansas City's American Jazz Museum Names An Interim Executive Director

May 15, 2019
File Photo / KCUR 89.3

Kansas City's American Jazz Museum is building momentum for a rebirth, the Kansas City Business Journal reports.

Kansas City Symphony Hires New Executive Director

Mar 19, 2019
Randall Baughn

The Kansas City Symphony wrapped up its seven-month national search for a new executive director and hired Daniel Beckley, the Kansas City Business Journal reports.

Beckley most recently was vice president and general manager of the Indianapolis Symphony Orchestra.

Beckley succeeds Frank Byrne, who's retiring this year after a 19-year tenure.

File photo by Julie Denesha / KCUR 89.3

Sprint Corp. has an agreement to sell its Overland Park headquarters campus to a Wichita company, the Kansas City Business Journal reports.

Sprint announced Friday morning that it has an agreement to sell the massive property to Occidental Management. Terms of the deal were not disclosed, but Sprint CEO Michel Combes told employees in an email that he expects the deal to close "in the coming months."

Cerner Corp.

Cliff Illig, Cerner Corp. co-founder and vice chairman, has retired from the Kansas City-based health IT company to focus on outside interests, according to a news release.

Illig notified the board and the company on Monday, and the announcement takes effect Tuesday, according to a filing with the Securities and Exchange Commission.

File photo by Kevin Collison / KCUR 89.3

A petition asking Kansas City voters to limit property tax abatements has been certified by the City Clerk’s office and had a first read before the City Council on Thursday, the Kansas City Business Journal reports.

The clerk's office certified 2,321 valid signatures on a petition sponsored by the Coalition for Kansas City Economic Development Reform. That well exceeds the 1,708 signatures required to force a vote.

KC Bier Co.

KC Bier Co. was the only brewery in Kansas City to win a medal at the 2018 World Beer Cup, and now it's releasing that beer for sale in bottles, the Kansas City Business Journal reports.

Burns and McDonnell

Segment 1: How to analyze political ads.

As midterm election campaigns start to hit their stride, voters in Kansas and Missouri are sure to be inundated with any number of political advertisements. As a public service (and at the request of a listener named Mary Anne) we spoke with trusted, professional fact-checkers about what to keep an eye out for when attempting to separate the fact from conjecture.

Burns and McDonnell

Saying it will hire around 1,200 employees this year, Burns & McDonnell announced that it is beginning work on a $42 million expansion of its Kansas City headquarters campus, the Kansas City Business Journal reports.

Forbes Ranks Kansas City's Hallmark As No. 3 Employer For Women

Jul 26, 2018
Andrew Grumke / Kansas City Business Journal

Forbes has named Hallmark Cards Inc. one of the top places to work for women, the Kansas City Business Journal reports.

With help from market research company Statista, Forbes compiled its first list of "America's Best Employers for Women."

The rankings were determined by a survey of 40,000 Americans, including 25,000 women, who work for businesses with at least 1,000 employees.

University of Missouri-Kansas City

The University of Missouri-Kansas City has taken a new step toward building a conservatory after a previous plan was halted last year, according to the Kansas City Business Journal.

Kansas City Business Journal

Kansas City's long-vacant Luzier Cosmetics Building may soon have a new tenant: The Nelle, an urban social club for women.

Although a lease hasn't yet been signed, Nelle co-founder Sierra Miramontez said she and her business partner, Lauren Saks, have been in talks with the building's owner and developer Butch Rigby since last year. They plan to occupy about 15,000 square feet inside 3216 Gillham Plaza and open in the fall or early 2019.

Peter Borsari / Kansas City Business Journal

A nondescript building in the Kansas City area is home to something that many in the art world can't believe exists in a Midwest city, according to the man tasked with selling it, according to the Kansas City Business Journal.

Original 18th-century engravings by William Hogarth. Photos by pioneering photographer Weegee. Millions of photographs, plates, line drawings and ephemera, such as posters, broadsides and tickets. And it's all on the market at the fire-sale price of $15 million.


Kansas City will be the first to get a taste of a new concept from Smallcakes founder Jeff Martin: Southern Charm Gelato.

A trip to Italy less than two years ago inspired the idea, the founder of Overland Park-based franchising company Sweet Brands told the Kansas City Business Journal.

Adam Vogler / Kansas City Business Journal

As Andrews McMeel Universal looks to the future of comic strips, it's working to attract a new generation of talent and reimagine what comics could be, the Kansas City Business Journal reports.

Part of the Kansas City-based company's vision involves tapping into short-form animated videos, and it's kicking off that initiative with a GoComics Short Shorts Animation Contest open to the U.S. and Canada.

File photo by Julie Denesha / KCUR 89.3

Sprint Corp. will cut 500 jobs from its Overland Park headquarters in the coming weeks, the Kansas City Business Journal Reports.