Why this channel exists
About Back of the Store
Short explainers of the rent, royalties, fees, and float behind everyday businesses — sourced from public filings, with original diagrams.
The work
Everyday businesses have a front of the store — the price on the sign, the membership card, the thing you walk out holding — and a back of the store: rent, royalties, fees, and float. We make short explainers about that second part.
The visuals are original diagrams, not company logos or trade dress. The point is the filing, not a brand recreation.
How we source
Every figure comes from a primary public filing, usually a Form 10-K filed with the U.S. Securities and Exchange Commission. We link that filing on the episode page. We do not take numbers from recaps, social posts, or secondary write-ups.
Amounts are company-wide unless we say otherwise, and we round in narration. When we calculate a ratio or share from disclosed figures, we label that calculation as ours.
Disclaimers
Back of the Store is not affiliated with, endorsed by, or sponsored by the companies we cover. Company names are used to identify the filings we are reading.
Nothing here is financial, legal, or investment advice, or a recommendation to buy, sell, or hold any security.
Narration is synthetic, generated with Kokoro (Kokoro-82M, Apache 2.0 weights). It does not clone a real person’s voice. Animations are original and illustrative.