This situation made consumer demand fall, which itself slowed down sales in furniture industry and made many retailers decrease prices to retain sales volume. This caused big problems for the small retailers like Haefren Baum. In addition, competition in this market intensified due to the other European furniture retailers entering the German market... displayed 300 characters
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In addition, competition in this market intensified due to the other European furniture retailers entering the German market.
Because of this stagnant situation the sales growth of the Haefren Baum decreased by 21.1% and 1.2% in 1994 and 1995 respectively. However, this number is not very big if we consider the nature of the business and the economic situation... displayed 300 characters
