Abstract: A rack system for the display or storage of articles, which uses a hanger fabricated of a heavy gauge steel wire, so as to form a Z-shaped hanger having an article carrying portion in the middle, a retaining hook leg on one end, and a seating leg on the other end, which is seated within a trough that is attached to the front of a rack plate. The hanger is capable of sliding longitudinally back and forth along the front of the rack plate, but is prevented from upward escape by a channel, which has been affixed to the front of the rack plate, which channel holds identification tags, which are also able to freely slide back and forth along the front of the rack whenever the hangers are moved back and forth along the front of the rack. Also, there is described a method of rearranging articles by longitudinally sliding a hanger and its attendant identification tag whenever an inventory change occurs.