Abstract: A reusable package is provided for displaying and storing a variety of different display items, such as shanked router bits or cutting bits. Front and rear body portions are hingedly interconnected and are foldable between closed and open positions. The body portions include dished "clam-shell" portions that are releasably and grippingly nestable with each other when the package is in its closed position. The front dished portion also includes a blister cavity display portion adapted to house a variety of different display items, and a recessed portion if the blister cavity releasably grips a shank or rod-like portion of the display item. Display insert cards, anti-theft security devices, or small accessories may be also housed between the front and rear dished portions. The front and rear body portions can be repeatedly closed and opened after a frangible initial attachment has been broken.