A convertible hangtag display comprising a unitary piece of material foldable into a hanging portion for hanging and displaying a retail item and a boxing portion for packaging the retail item is provided. The hanging portion is separable from the boxing portion along a perforation. The boxing portion has oppositely facing front and rear sheets connected by a crease and a seam. Upper and lower flaps are provided at opposite ends of each of the sheets. Upper and lower creases corresponding to the upper and lower flaps are provided such that the upper and lower creases are foldable about the corresponding creases. At least one crease is provided to the hanging portion opposite the perforation for bending the hanging portion. The hanging portion defines a slot for guiding a hook or other standard display means from which the unitary piece may be suspended. In a display configuration, the upper and lower flaps extend coplanar with the respective sheets from which they extend. After the item is purchased and the hanging portion is removed from the unitary piece, the boxing portion may be folded into a box configuration for packaging the purchased item.