Abstract: The retractable hook assembly, preferably for an article of luggage, includes a rigid shaft received within a cylindrical member, the shaft being movable between extended and retracted positions. A washer with a projecting stud is fixed to the inner end of the shaft. A slot in the cylindrical member receives the stud to, in one rotational orientation, hold the shaft and its hook extended, and when released from the slot, to cam the shaft into a second rotational orientation as the shaft is driven by a spring into the cylindrical member, thereby to provide a self aligning and self retracting hook assembly.