I needed a “space saving” laundry device for hanging non-iron shirts delicate items and jeans.
This ( nickel) organizer swivels, rotates in several directions, and takes multiple hangers. Clothes dry in a matter of hours. If you the rack sticking out, fold it back to the wall. Mine is positioned opposite the washer/dryer so I can hang what I need without moving to another part of the utility room where the folding rack is. 
An excellent product, well designed. sturdy and functional. It has cut laundry time down significantly.