In one embodiment, a storage device encloses the laces of footwear. The storage device comprises a lower member, an upper member, and a joint that permits articulated motion between the lower member and the upper member in a first direction along the longitudinal axis of the storage device. The upper member comprises an enclosure with an inner cavity that receives the laces therein. In one example, the outer member comprises a pair of closure members that articulate in a second direction toward the longitudinal axis.