Storage panels and panel racks accept a wide range of hooks, bins, shelves, toolholders, and other accessories to create a storage system for organizing and displaying small parts, tools, and merchandise. The accessories can be reconfigured or replaced as storage needs change. Storage panel systems are used in areas such as garages, workshops, utility closets, laundry facilities, offices, kitchens, and retail stores. They may consist of pegboard, louvered panels, slatwall, or wire grid panels.