A retractable storage system for handheld electronic device comprises a removable panel with one or more storage chambers for storing an accessory item, such as a wireless earbud, cabled earbud, headphone cable or e-cigarette, and a retractable mechanism to retrieve and dispense the stored accessory item through an accessory station. The removable panel can be replaced with another removable panel configured with different structure to store different accessory item, such as a battery to charge a wireless earbud or e-cigarette.