It was the best of times, it was the worst of times. If you’d been asked to compare the fortunes of Primark and Dixons Carphone a few months ago, it would have been clear which part of Dickens’ famous opening line applied to which business.
Dixons Carphone - which owns Currys, PC World and Carphone Warehouse - was reeling from a second profit warning in two years. Profits for the year ending April 2019 were down by 22 per cent (from £382m to £298m), largely due to declining mobile phone sales.
Contrast that to Primark.