A retainer assembly for securing a knot defined by a pair of shoelaces of a shoe includes a base member, a clamping member, and a clip member. The clamping member is engaged with the base member and telescopically moves relative to the base member between an extended position and a retracted position. The clamping member includes a clasp. Moreover, the clip member is pivotally coupled to the base member and is adapted to engage with the clasp when the clamping member is arranged in the retracted position to secure the knot between the clip member and the clamping member

A retainer assembly for securing a knot defined by a pair of shoelaces of a shoe includes a base member, a clamping member, and a clip member. The clamping member is engaged with the base member and telescopically moves relative to the base member between an extended position and a retracted position. The clamping member includes a clasp. Moreover, the clip member is pivotally coupled to the base member and is adapted to engage with the clasp when the clamping member is arranged in the retracted position to secure the knot between the clip member and the clamping member.

A lace fastener for an article of footwear has at least an upper and a lower half attached by a spring, screw or similar mechanism. The lace fastener has at least one display face that may have the name, color, logo, etc. of the user's choosing. The lace fastener is adhered to the outer portion of the article of footwear, preferably near the top of the article of footwear. Once the article of footwear is laced, the laces are pulled through the lace fastener and the upper half is closed securing the laces in place. The laces may then be pulled through lace holders around the article of footwear in order to hold the laces neatly in place.