Consumer Discretionary Industry Sector (Fashion Apparels, Retails, Luxury goods, Services,..)

GICS Classification for Consumer Discretionary Sector

*The Global Industry Classification Standard (GICS®) was developed by MSCI and Standard & Poor’s in 1999 as a standrd industry classification system. Read More

Sector

Industry Group

Industry

Sub-Industry

Consumer Discretionary

Automobiles & Components

Auto Components

Auto Parts & Equipment

Tires & Rubber

Automobiles

Automobile Manufacturers

Motorcycle Manufacturers

Consumer Durables & Apparel

Household Durables

Consumer Electronics

Home Furnishings

Homebuilding

Household Appliances

Housewares & Specialties

Leisure Products

Leisure Products

Textiles, Apparel & luxury goods

Apparel, Accessories & Luxury Goods

Footwear

Textiles

Consumer Services

Hotels, Restaurants & Leisure

Casinos & Gaming

Hotels, Resorts & Cruise Lines

Leisure Facilities

Restaurants

Diversified Consumer Services

Education Services

Specialized Consumer Services

Retailing

Distributors

Distributors

Internet & Direct Marketing Retail

Internet & Direct Marketing Retail

Multiline Retail

Department Stores

General Merchandise Stores

Specialty Retail

Apparel Retail

Computer & Electronics Retail

Home Improvement Retail

Specialty Stores

Automotive Retail

Homefurnishing Retail

Sector Overview | Challenges & Solutions

OVERVIEW

The industry outlook for consumer discretionary remain cautious as the pandemic has challenged businesses especially with rising unemployment rate globally. The shift to digital marketplace is a game changer for this industry.

CHALLENGES

The pandemic is a wake up call and has expedite the embrace on digital technology among businesses in this industry. The shift in consumer behavior has also changed more so among the younger generation on how they shop and the power of social media to influence consumerism. Businesses must identify new trend and strategy to tap into this dynamic market as the online environment is now becoming overwhelm with products and services. Challenges arise amid this pandemic include,

  • Sudden drop in demand
  • Changes in consumer taste and preferences
  • Structural shift in consumer behavior, values and habits.
  • Companies lack of digital capacity and logistic slow to recover.
  • Credit implication, damage to credit quality and growing debt.
  • Rise in online unauthorized dealers, black markets and scam.
  • Disruptions in distribution channels, logistic lines and productions.
  • Government intervention to protect local goods and markets.
  • Recession, reduced mobility and falls in travel spending.

SOLUTIONS

We works with companies in this sectors around the world to set their strategic directions and assessing priorities and identify treats to determine the right solutions. We support companies to be,

  • agile in their supply chain
  • making the leap into digital technology for its e-commerce and marketing activities
  • product innovation and enhanced value preposition
  • identify key industry trend and how to benefit from it
  • price-value strategy
  • analysis on the shift of consumer behavioral and re-identify target group.
  • redefine brand strategy and reformulating products