It's a big pain to loop them around those two hooks. I have a bad back and hate all that bending over to do so. Plus, when I turn the top hook to get the cord off and usable it gets all twisted. It's so nice with a canister vac to just touch the button with my toe and ZIPPP, it's all tidy.
There are several that have retractable cords. Check links below.
Sears does. Their Kenmore brands have retractable cords. I have one. It is a canister vacuum with carpet attachments. Works great does the job of two vacuums.