Submission declined on 11 June 2026 by CopyleftEverything (talk).
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|  |
Comment: See WP:SOLUTIONS and WP:NPOV. Rewrite article in neutral & encyclopedic for tone & content. CopyleftEverything (talk) 02:04, 11 June 2026 (UTC)
LS Retail is a Point of Sale (POS) and operations platform provider headquartered in Kópavogur, Iceland with additional offices in Atlanta, Georgia (USA); Dubai, UAE; Porto, Portugal; and Selangor, Malaysia. It was acquired by the Nordic private equity firm Axcel in December 2025.[1][2] LS Retail software is developed for businesses across the retail, F&B, hotel, pharmacy, and forecourt industries. The company reports that its software is used in over 157 countries globally as of 2026.[3]
LS Retail was acquired by Axcel from Aptos Retail, a U.S.-based provider of retail technology solutions owned by funds managed by Private Equity at Goldman Sachs Alternatives, which had originally acquired LS Retail in 2021.[4]
History
edit1986 – The origins of LS Retail trace back to 1986, when the IT firm Strengur began localizing and developing the Danish Navigator software for the Icelandic market. Navigator later evolved into Microsoft Dynamics 365 Business Central.[5]
2003 – The companies Strengur and Landsteinar merged, forming Landsteinar Strengur ehf. and launching the LS Retail brand.[6]
2009 – Microsoft acquisition: Microsoft acquired the rights to the LS Retail AX software in 2009, adding it to its portfolio as a retail software that could be added onto Microsoft Dynamics AX.[7]
December 2018 – Decline in financial performance: In 2017, LS Retail was Iceland's second-largest software company, and reported a loss of ISK 126 million, following a profit of ISK 265 million in 2016. This trend was consistent with a broader decline in profits among Icelandic software firms.[8]
January 2021 – Acquisition by Aptos retail: In 2021, LS Retail was acquired by Aptos Retail, a U.S.-based company and subsidiary of Goldman Sachs.
December 2025 – LS Retail's profit doubled between 2024-2025 in the amount of 1.2 billion Icelandic króna with a total revenue of 11.7 billion Icelandic króna.[9] Acquisition by Axcel, a private equity fund based in Denmark.
Technology
editLS Central is a Point of Sale and operations software designed for the retail, restaurant, hospitality, pharmacy and forecourt industries. It operates as an extension of Microsoft Dynamics 365 Business Central, merging in-store cash registers, inventory, and back-office operations into a single platform.
Companies using LS Central include the Emirates General Petroleum Corporation, Emarat[10]; Boots Apotek in Norway[11]; PSP Pharma in Georgia; adidas, which uses LS Retail software in over 1200 stores[12]; Blue Lagoon Iceland[13] and Danish retailer NORMAL.[14]
Partnerships
editLS Retail operates globally through a network of around 300 IT partners who resell and implement LS Retail software solutions across multiple industries. To become an LS Retail partner, vendors must meet specific criteria, including the successful completion of official training on LS Retail software.[15]
Partnerships with other technology companies
LS Retail has formed partnerships with payment service providers FreedomPay, Elavon[16] and Adyen[17] to support payments for its LS Central customers.
The company also reports to work with hardware providers such as Diebold Nixdorf, Toshiba, and NRC.
Recognition
editLS Retail has been mentioned by several research firms in reports on retail store technology.
Several IDC MarketScape reports mention LS Retail as a Major Player in Point of Sale, including the "Worldwide Point-of-Sale Software in Grocery and Food Store Retail Vendor Assessment",[18] the "Worldwide Mobile Point-of-Sale Software Platforms for Fashion Retail 2025 Vendor Assessment",[19] the "Worldwide Point-of-Sale Software Platform Vendors in Retail Fuel and Convenience 2025 Vendor Assessment" and the "Worldwide Point-Of-Sale Software in the Full-Service Restaurant Sector 2024-2025 Vendor Assessment".[20]
Gartner® named LS Retail a representative Vendor in its Market Guide for Unified Commerce Platforms Anchored by AI-Enabled POS for Tier 2 Retailers, published on October 27th, 2025.[21]
LS Retail has been elected several times among the best companies to work in Iceland, based on research by Iceland workers' union VR.[22]
References
edit- ↑ Lorenzen, Maria Fiorini (2025-12-09). "Axcel partners with LS Retail, a global software leader in retail and hospitality". Axcel. Retrieved 2026-06-04.
- ↑ Elstrup, Morten (2025-12-09). "Axcel overtager it-virksomhed fra Goldman Sachs i milliardhandel". borsen.dk (in Danish). Retrieved 2026-06-04.
- ↑ "About LS Retail | LS Retail software solutions". www.lsretail.com. Retrieved 2026-06-04.
- ↑ Williams, Trevor (2021-01-12). "Atlanta's Aptos Buys Iceland-based Retail Software Firm". Global Atlanta. Retrieved 2026-06-04.
- ↑ "LS Retail ehf. – Ísland – Atvinnuhættir og menning" (in Icelandic). Retrieved 2026-06-04.
- ↑ "Landsteinar og Strengur sameinast". www.mbl.is (in Icelandic). Retrieved 2026-06-04.
- ↑ "Microsoft Investor Relations - Acquisition History". www.microsoft.com. Retrieved 2026-06-04.
- ↑ "Hagnaðarsamdráttur hjá hugbúnaðarfyrirtækjum". www.vb.is. Retrieved 2026-06-04.
- ↑ "LS Retail í sérflokki". www.vb.is. Retrieved 2026-06-04.
- ↑ "Emarat expands LS Retail partnership to build future-ready service stations". MENA Fintech Association. Retrieved 2026-06-04.
- ↑ "Boots Apotek chose LS Retail software solutions". www.lsretail.com. Retrieved 2026-06-04.
- ↑ LS Retail (2024-08-16). adidas chose LS Retail software solutions. Retrieved 2026-06-04 – via YouTube.
- ↑ "Blue Lagoon Iceland chose LS Retail software solution". www.lsretail.com. Retrieved 2026-06-04.
- ↑ "Danish retailer NORMAL to upgrade almost 800 stores to LS Central SaaS". www.lsretail.com. Retrieved 2026-06-04.
- ↑ "Become a LS Retail reseller and implementation partner". www.lsretail.com. Retrieved 2026-06-04.
- ↑ "Elavon and LS Retail launch new omnichannel payments solution - News". Elavon UK. Retrieved 2026-06-04.
- ↑ "LS Retail all-in-one retail management software - Adyen". www.adyen.com. Retrieved 2026-06-04.
- ↑ "IDC MarketScape: Worldwide Point-of-Sale Software in Grocery and Food Store Retail 2026 Vendor Assessment". IDC: The premier global market intelligence company. Retrieved 2026-06-04.
- ↑ "IDC MarketScape: Worldwide Mobile Point-of-Sale Software Platforms for Fashion Retail 2025 Vendor Assessment". IDC: The premier global market intelligence company. Retrieved 2026-06-04.
- ↑ "IDC.com IDC Table of Contents". IDC: The premier global market intelligence company. Retrieved 2026-06-04.
- ↑ "Gartner Login". www.gartner.com. Retrieved 2026-06-04.
- ↑ "Company of the Year 2026". VR union. Retrieved 2026-06-04.
Wikipedia articles must be written neutrally in a formal, impersonal, and dispassionate way. They should not read like a blog post, advertisement, or fan page. Rewrite the draft to remove:
Instead, only summarize in your own words a range of independent, reliable, published sources that discuss the subject.
If you have a conflict of interest (e.g. you are the subject, an employee, or a relative) or are being paid to edit, you must disclose this to comply with Wikipedia's Terms of Use.