Abstract: A slatwall assembly having modular channels formed independently of the wallboard material, which channels are slidably adjustable in both a horizontal and vertical manner, and which can be installed in any desired configuration, the slatwall assembly having components which are lightweight and more easy to install than known systems. The modular slatwall assembly has an outer member, an inner support member, and a connector. Each outer member defines a front channel for receiving merchandise display devices and a rear channel. Each inner support member defines a support channel and is fixed in a generally vertical fashion to the inner supports of the wall structure. The outer member and inner support member are slidably connected by a connector having two disc-shaped heads connected by a central post.