A wall mountable shelving system includes a pair of support members, a storage tray extending between the support members, and stretch releasing adhesive strips arranged to secure the shelving system to the wall. Each support member includes a back plate and a frame member connected with the back plate, and each frame member includes at least a first support portion connected with and arranged generally perpendicular to the back plate, an extension portion arranged generally perpendicular to and extending from the first support portion, and a second support portion extending from the end of the extension portion and arranged generally parallel to the first support portion.