Abstract: A hanging carrier includes a first storage pocket carried by a first panel, a second storage pocket carried by a second panel, and a spine, formed with opposed inner and outer hangers, connecting the first panel to the second panel. The first and second panels are mounted to the spine for movement between a storage position, in which the first and second pockets and the inner hanger are stored between the first and second panels and the outer hanger is available for suspending the hanging carrier from the spine in the storage position of the first and second panels, and a display position, in which the outer hanger is stored between the first and second panels, the first and second pockets are exteriorly displayed, and the inner hanger is available for suspending the hanging carrier from the spine in the display position of the first and second panels.