LS Retail

What LS Retail does

LS Retail ehf., headquartered in Kópavogur, Iceland, is a long-established software vendor specializing in unified point-of-sale (POS) and enterprise resource planning (ERP) solutions for the retail, hospitality, pharmacy, hotel, and forecourt industries. The company's flagship platform LS Central is built as a native add-on to Microsoft Dynamics 365 Business Central, extending the underlying ERP with industry-specific functionality such as kitchen display systems for restaurants, fuel forecourt management for service station operators, and prescription tracking for pharmacies. Supporting products include lightweight POS solutions (LS Express, LS One) targeted at smaller retailers, alongside a modular add-on portfolio covering ScanPayGo mobile self-scanning, self-checkout, eCommerce integrations for retail and restaurants, staff management, LS Pay payment processing, analytics, and bookings.

Name

LS Retail

Legal name

LS Retail ehf.

Website

https://lsretail.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Short description

LS Retail ehf. is an Icelandic software vendor delivering unified POS and ERP solutions built natively on Microsoft Dynamics 365 Business Central. It serves retail, hospitality, pharmacy, and forecourt operators across 50-plus countries through a global network of certified implementation partners.

Ownership category

akta.pro rank

Product category

Retail Management Software (POS & ERP)

NAICS

Software Publishers (5132), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Retail ERP (Merchandising, POS Back Office) (HDAEAEAD)

akta.pro secondary industries

Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA), ERP Extensions & Add-ons (CPQ, Billing, Revenue Management) (HDAEAEAO), POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC)

Keywords

• Unified POS software
• Retail ERP solutions
• Hospitality management software
• Point-of-sale systems
• Business management software

Headquarters

HQ city

Kópavogur

HQ country

Iceland

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Subscription (SaaS): Annual or multi-year subscription fees for LS Central platform access, including software updates, cloud hosting, and support services. Pricing varies based on number of users, locations, and modules selected.
2. Professional Services: Implementation, customization, training, and ongoing consulting services delivered through certified partner network. Revenue generated from project-based engagements and retainer arrangements.
3. On-Premise Licensing: Traditional perpetual license model available for customers preferring on-premise deployment over cloud/SaaS. Includes annual maintenance and support fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

LS Retail develops and sells LS Central, a unified business management software platform that combines point-of-sale (POS) and enterprise resource planning (ERP) functionality into a single database, built as a native add-on to Microsoft Dynamics 365 Business Central. The offering is delivered in vertical-specific configurations for retail, restaurants, hotels, pharmacies, and forecourt/gas station operations, complemented by lightweight POS systems (LS Express, LS One), modular software enhancers (analytics, eCommerce, bookings, staff management, self-checkout, ScanPayGo, kitchen display), payment processing (LS Pay), and professional services (SaaS migration, premium support, ERP integration).

Product overview

LS Retail offers a unified, modular software platform combining POS and ERP functionality across a portfolio of core products and add-on modules. The flagship product is LS Central, a fully integrated software solution extending Microsoft Dynamics 365 Business Central with industry-specific capabilities. LS Central comes in five vertical configurations: for Retail, Restaurants, Hotels, Pharmacies, and Forecourt operations. Supporting the core platform are lightweight POS solutions LS Express and LS One for smaller retailers. The software enhancers portfolio includes self-service options (ScanPayGo, Self-checkout, Restaurant Self-ordering), eCommerce integrations for retail and restaurants, analytics and reporting, bookings management, and staff management. Payment processing is handled through LS Pay variants. Professional services cover SaaS migration, premium support (PrimeAttention), and enterprise integration (CentralConnect). All products share a unified database architecture enabling real-time perpetual inventory, omnichannel operations, and seamless data flow across all modules.

Differentiator

Problem solved

Functional benefit

Products and services

• LS Central Unified business management software platform combining POS and ERP functionality in a single database for retail, restaurant, hotel, pharmacy and forecourt operators.
• LS Central for Retail Vertical configuration of LS Central for retail operations, providing inventory management, customer loyalty, omnichannel sales and real-time analytics.
• LS Central for Restaurants Vertical configuration of LS Central for restaurants, including Kitchen Display Systems, recipe management, table management and self-ordering.
• LS Central for Hotels Vertical configuration of LS Central for hotels and resorts, covering booking management, guest profiles, spa bookings and unified property management.
• LS Central for Pharmacies Vertical configuration of LS Central for pharmacies, providing medication inventory management, prescription tracking and compliance with health regulations.
• LS Central for Forecourt Vertical configuration of LS Central for gas stations and forecourt operations, including payment management, fuel inventory, convenience store operations and guest experience.
• LS Express Lightweight retail POS and ERP system for small single-store retailers, delivered as a native app for Microsoft Dynamics 365 Business Central providing essential POS and inventory management.
• LS One Lightweight, flexible POS system built for simplicity and speed; entry-level point-of-sale solution for retail operations.
• ScanPayGo Mobile self-scanning solution enabling customers to scan items using smartphones or store devices and pay instantly without checkout lines.
• Analytics for LS Central Business intelligence and reporting add-on providing real-time dashboards, KPI tracking and detailed analytics across LS Central operations.
• Bookings for LS Central Reservation and booking management add-on for managing appointments, classes, spa services and event bookings within LS Central.
• eCommerce for Retail eCommerce integration enabling unified online and physical store operations, synchronizing sales, inventory, pricing and customer data.
• eCommerce for Restaurants Online ordering and delivery integration for restaurant operations, enabling menu management and order fulfillment across digital channels.
• Staff Management Workforce management add-on for scheduling, time tracking and staff performance management across retail operations.
• Self-checkout for Retail Self-service checkout stations allowing customers to scan and pay for items independently, reducing wait times and freeing staff.
• Restaurant Self-ordering Digital ordering solution for restaurants enabling customers to place orders via kiosks, tablets or mobile devices.
• Kitchen Display System Digital kitchen display system connecting POS to kitchen operations, managing order flow, timing and preparation workflow.
• LS Pay for LS Central Fully integrated payment processing solution for LS Central, providing secure and reliable payment transaction handling.
• LS Pay for Dynamics BC Payment processing solution for Microsoft Dynamics 365 Business Central deployments without LS Central.
• SaaS Migration Migration service to upgrade from on-premises deployment to cloud-based SaaS, including automatic updates and reduced capital expenditure.
• LS Retail PrimeAttention Premium support service providing tailored assistance for complex issues and prioritized resolution.
• CentralConnect Enterprise ERP integration service enabling seamless connectivity between LS Central and external ERP systems.

Quantifiable outcome

• Bónus operates 33 stores across Iceland using LS Central for unified retail operations
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability12 records

Feature8 records

Partnerships

Five partnerships are on record, tiered major, core and primary.

• Emarat (Emirates General Petroleum Corporation)majorStrategic or Co-development Partner · 26 January 2026Emarat, the UAE government-owned petroleum corporation, partnered with LS Retail to deploy LS Central across their service station network. The partnership covers forecourt operations and convenience store management, enabling Emarat to modernize their retail operations across fuel stations in the United Arab Emirates.
• Microsoft (Dynamics 365 Business Central)coreTechnology or IntegrationMicrosoft serves as the core technology platform for LS Retail solutions. LS Central is built as a native add-on application on top of Dynamics 365 Business Central, leveraging the ERP platform's financial, supply chain, and operational capabilities. This is a strategic technology partnership where LS Retail extends Microsoft Dynamics for retail and hospitality specific functionality.
• Optimus Business TransformationprimaryImplementation/ SI/ Consulting PartnerOptimus Business Transformation is a certified implementation partner specializing in LS Central deployments. They have delivered Freshmart implementations, providing system integration, customization, and ongoing support services.
• OnnioprimaryImplementation/ SI/ Consulting PartnerOnnio is a certified implementation partner that has delivered LS Central solutions for Bónus Iceland. They provide implementation, training, and support services for retail customers in the Nordic region.
• BCS IteraprimaryImplementation/ SI/ Consulting PartnerBCS Itera is a certified implementation partner that has delivered LS Central solutions for R-Kiosk in Estonia. They provide system implementation and consulting services for retail customers in Eastern Europe.

Scale indicators5 records

Recent moves5 records

Expansion highlights6 records

Peers

• GK Software (Fujitsu):

Direct peers

• Lightspeed Commerce: Cloud-based POS and commerce platform serving retail and hospitality SMBs globally with omnichannel and payments capabilities. Closely comparable to LS Central's vertical POS+ERP proposition and target customer segments.
• Shopify POS: Shopify's retail POS offering competes directly in unified commerce for retail, with similar emphasis on online/offline integration and inventory unification that LS Central for Retail targets.
• Aptos: Specialist retail technology vendor offering POS, OMS, and CRM for specialty and omni-channel retailers. Directly comparable to LS Central for Retail in vertical retail software depth.
• Square (Block): POS, payments, and commerce software for small and mid-market retail and restaurants. Overlaps with LS Express and LS One's lightweight POS positioning for smaller retailers.
• Toast: Restaurant-focused POS and management platform with kitchen display, online ordering, and payroll — directly comparable to LS Central for Restaurants, particularly in full-service and QSR segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LSRetailChat
• Facebookfacebook.com/lsretail

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LS Retail