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TORONTO — Hudson’s Bay Co. lost $243 million in its latest quarter as overall revenue and comparable-store sales fell compared with a year ago.

The retailer said Wednesday the loss amounted to $1.33 per diluted share for the 13 weeks ended Oct. 28 compared with a loss of $125 million or 69 cents per diluted share a year ago.

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Retail sales totalled $3.16 billion, down four per cent from $3.30 billion in the same quarter last year.

Consolidated comparable sales fell 3.2 per cent on a constant currency basis and 5.1 per cent as reported.

Ed Record, HBC’s chief financial officer, its Saks Fifth Avenue and Hudson’s Bay businesses performed well but overall third-quarter results did not meet expectations.

HBC shares fell 13.28 per cent to $10.32 at 9:45 a.m. in Toronto.