With bank deposit rates up, consumers are choosing saving over spending, the head of retailer DNS has said Russia’s home appliance and electronics market is facing its sharpest downturn in decades as consumers opt to save rather than spend, the head of major retail chain DNS has said. Dmitry Alekseev made the comments on Thursday, writing on Telegram that current conditions are unprecedented in his 30 years in the industry. Preliminary estimates suggest first-quarter sales may have dropped by