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ShopRunner survey finds parents head to multiple places for BTS shopping

BY Allison Cerra

NEW YORK — A new survey conducted by online shopping service ShopRunner found that many parents will head to multiple stores to purchase back-to-school items for their kids.

Among the parents surveyed, nearly half (49%) said their biggest challenge is not finding everything their child needs at one store while back-to-school shopping. Because of this, more than two-thirds (61%) said they plan to visit three to four stores to fulfill their back-to-school shopping needs, while spending anywhere between five to 10 hours shopping (45%). When it comes to buying items for their kids online, however, nearly 75% of parents said they would prefer to do all of their shopping online but cited shipping costs as the No. 1 reason they forgo this option.

ShopRunner also noted that 48% of respondents said they will spend more money this year than in 2010, with 46% saying that they will spend $200 per child.

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FDA approves single-pill HIV drug

BY Alaric DeArment

FOSTER CITY, Calif. — The Food and Drug Administration has approved a new single-pill treatment for HIV made by Gilead Sciences and Johnson & Johnson, Gilead said.

Gilead announced the approval of Complera (emtricitabine, rilpivirine, tenofovir disoproxil fumarate). The drug combines Gilead’s Truvada with J&J’s Edurant.

"In the 30 years since the first AIDS cases were reported, we’ve made incredible strides in the treatment of this disease," said Tony Mills, director of medical research at Anthony Mills MD Inc. and investigator in Complera studies. "The concept of a single-tablet regimen has become a goal in HIV drug development, and the standard of care in medical practice in the United States."

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Family Dollar marks 7,000th store opening

BY Gail Hoffer

MEMPHIS — Family Dollar opened its 7,000th store Thursday, further cementing the dollar-store channel as an area of rapid growth.

The store is located in Memphis, Tenn., and features a green building design and a spacious layout for an optimal shopping experience, the company reported.

To commemorate the opening of its 7,000th store in Memphis, Family Dollar completed the celebration with a $7,000 donation to the Mid-South Food Bank, along with cans of food donated by members of the local community.

"Family Dollar is absolutely thrilled to be opening our 7,000th store, and what better place to do so than in the great city of Memphis," Family Dollar chairman and CEO Howard Levine said. "This new store is a special example of our expansion and growth as a nationwide retailer, but gives us a venue to show customers our appreciation by creating an even better, more compelling shopping experience for their families."

To allow all loyal consumers to join in the celebration of the 7,000th store opening, Family Dollar is offering customers nationwide a chance to win Family Dollar gift cards valued from $25 to $500 throughout August at FamilyDollar.com.

For the third quarter, Family Dollar reported a 4.7% same-store sales increase that was just below the company’s expectations for a 5% to 7% gain. Earnings advanced 18.2% to 91 cents, four cents shy of analysts’ consensus estimate of 95 cents.

Though the company may have missed expectations, those expectations were high, showing that both the company and Wall Street see continued value in dollar stores. With the opening of its 7,000th store, Family Dollar won’t be slowing down anytime soon.

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