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Members of Local 1-S of the Retail, Wholesale, and Department Store Union are declaring a key victory as they reached an agreement with Macy’s management regarding their new labor contract with several major New York stores. Both representatives of the union and the department store have declared their relief and satisfaction with the parties’ ability to create an agreement suiting their respective needs. Given Macy’s unstable economic position and workers’ insistence on wages and healthcare benefits that would allow them more than mere survival in one of the most expensive cities in the world, representatives of both sides had ample motivation to defend their interests. Stuart Appelbaum, president of the Retail, Wholesale, and Department Store Union, has hailed this contract as setting a new standard for retail workers everywhere.