Why the Harvey Norman (ASX:HVN) share price just hit a decade-high

The Australian share market may be dropping lower today but that hasn’t stopped the Harvey Norman Holdings Limited (ASX: HVN) share price from continuing its ascent.

In afternoon trade the retail giant’s shares are up 1% to a decade-high of $5.68.

This latest gain means the Harvey Norman share price is now up almost 19% since the start of 2021.

Why is the Harvey Norman share price at a decade-high?

Investors have been fighting to get hold of the company’s shares in recent months due to a very strong sales update in November and recent positive updates from its rivals. This has sparked hopes of a blockbuster half year result later this month.

In respect to its November update, the retailer revealed aggregated sales revenue…