Jen Grant Morris of A Thousand Words came up with this brilliant solution for storing her breadmaker's long cord:
You can do the same thing to your stored small appliances' cords/ Using a set of clean-release photo hanging strips (or any set of adhesive Velcro), attach one side to your appliance's power cord. Then, wrap the cord snugly around the appliance, and attach the other strip to the appliance exactly where the end of the power cord sits.
You'll be able to securely wrap your appliance's cord around itself, which makes for easy pantry or closet storing, with no cords dragging behind.
Read More: A Thousand Words
(Images: A Thousand Words)