Best Buy chooses Amazon's AWS for cloud services – MarketWatch


Amazon.com Inc. AMZN, -1.53% announced Thursday that Best Buy Co. Inc. BBY, -3.67% has selected it to provide cloud services and talent development in cloud engineering. The announcement notes that Best Buy plans to hire 1,000 tech team staff members. Best Buy joins a list of retailers using AWS services that includes Neiman Marcus, Petco Health & Wellness Co. Inc. WOOF, +1.22% and Under Armour Inc. UA, -4.80% UAA, -7.23%. Amazon is scheduled to report fourth-quarter earnings after the closing bell. Amazon stock was down 5.7% in early Thursday trading, and has tumbled 14.2% over the past year. Best Buy stock is down 10.4% over the last year. And the benchmark S&P 500 index SPX, -0.79% is up 18.5% for the past 12 months.
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Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and lifestyle and entertainment. She also worked at Mediabistro, and previously handled media relations for MSLGroup’s consumer practice.

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