Consumer Discretionary is sector 25 of the Global Industry Classification Standard (GICS), the industry taxonomy developed in 1999 by MSCI and Standard & Poor's for classifying public companies by their principal business activity. Under GICS, sector 25 is organized into four industry groups: Automobiles & Components, covering automobile and motorcycle manufacturers, parts, and tires; Consumer Durables & Apparel, covering consumer electronics, home furnishings, homebuilding, household appliances, leisure products, and textiles, apparel, footwear, and luxury goods; Consumer Services, covering casinos and gaming, hotels, resorts, cruise lines, restaurants, leisure facilities, education services, and other consumer services; and Consumer Discretionary Distribution & Retail, covering distributors, broadline retail, and specialty retail such as apparel, electronics, home improvement, automotive, and home furnishing retail. A company, product, or service is classified into this sector when its principal business activity falls within one of these four industry groups.