The Financial Post reports in its Tuesday edition that Hudson's Bay Co. posted deeper losses and sliding sales in its third quarter. The Post's Hollie Shaw writes that HBC lost $125-million or 69 cents per share in the period ended Oct. 29. That compared with net earnings of $7-million or four cents in the same period a year ago, when the earnings included a gain of $91-million. The normalized third quarter net loss was $102-million compared with a loss of $1-million a year ago. HBC reported consolidated retail sales of $3.3-billion in the third quarter, up 28.6 per cent from $2.6-billion a year ago, largely due to the addition of HBC Europe and on-line retailer Gilt to the company's retail network. Comparable sales, however, fell 4 per cent, or 3.6 per cent on a constant currency basis. The fall was led by a steep 8.4-per-cent comparable sales decline at HBC's off-price division, which includes Saks Off Fifth and Gilt. Digital sales rose by 73 per cent year-over-year. Last month HBC cut its estimates for the period, citing weaker than anticipated sales. HBC has been investing heavily in technology to bolster its performance and provide consumers with multiple platforms on which to shop and browse.