A wall panel system including a retractable floor anchor for converting a wall panel assembly between a sliding configuration and a pivoting configuration. The wall panel system includes a sliding wall panel assembly and a pivoting wall panel assembly that may be configured to slide or pivot. A retractable floor anchor configured to be included in the pivoting wall panel assembly includes retractable spindle that is coupled to a base member by a linear actuator. The spindle is rotatably coupled to a door closer included in the retractable floor anchor.