Abstract: A strap for securing a bundled power cord for convenient storage and a power tool having a power cord to which the strap is substantially permanently secured. The strap has fastening elements on two extended surfaces and a pair of slots through which the cord is passed to attach the strap to the cord. The slots, shown as slits, are sized relative to a plug on the cord so that the plug resists withdrawal of the cord from the slots and the flexible strap remains permanently on the cord without impeding the use of the power cord or tool. The attached strap is wrapped around the bundled cord, with the fastening elements on one side of the strap engaging the fastening elements on the other side of the strap to form a fastening and secure the cord. In preferred forms the strap is a flat strip of material carrying molded hooks on one side, synthetic resin integral with the hooks serving to secure loop material defining the opposite side of the strap.