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Retail & Payments Summit


Retail Summit

Reimagining the future of retail

How the structural shifts in consumer behaviour are changing the way we shop and pay.

Nick Molnar of Afterpay being interviewed by AFR journalist James Daggar-Nickson

Why global expansion makes most sense now for Afterpay

Afterpay co-founder Nick Molnar lays out the company's expansion ambitions in this edited transcript of an interview by James Daggar-Nickson at the Financial Review Retail Summit.

  • James Daggar-Nickson
Wesfarmers CEO Rob Scott called for "pretty significant" fiscal reform, including changes to the tax and welfare systems.

The brutal truth is that Australia is not growing

The message from the AFR Virtual Retail Summit is that weathering tough conditions ahead requires removing pointless handicaps to growth.

  • The AFR View

Retail union open to simplifying enterprise bargaining

The SDA has flagged support for simplifying the agreement system, saying weight should be given to majority worker support over technical procedural issues.

  • Natasha Boddy, David Marin-Guzman and Julie-anne Sprague

Afterpay, Tencent plot expansion as Gen Z shuns credit

Afterpay is deepening its relationship with Chinese giant Tencent to capitalise on a dramatic shift away from credit cards by Millennial and Gen-Z customers.

  • James Eyers

June 2020

Nick Molnar of Afterpay speaks at the Financial Review virtual Retail Summit

Watch our special edition virtual summit Retail: Through the Crisis

Our virtual summit Retail: Through the Crisis convened industry leaders and key stakeholders to explore policy options for a strong retail recovery.

Paul Zahra, CEO of the Australian Retailers Association, wouldn't have a bar of landlords getting a cut of online sales.

Retailers reject landlords' plan for a cut of online sales

The Australian Retailers Association has rejected a suggestion by Vicinity Centres that future rents include a variable portion based on online sales.

  • Larry Schlesinger

'Everyone is going for it': COVID creates a new online shopper

As consumers cocooned themselves in their homes amid the COVID-19 crisis, online shopping surged bringing much needed cash for retailers, who said a new generation of shopper was born.

  • Carrie LaFrenz
Coca-Cola Amatil director Penelope Winn said" "I think what we will see as we move forward is we'll have selective on-shoring of items that have shown vulnerability."

Post COVID supply chains are 'just in case' not 'just in time'

Officeworks' managing director Sarah Hunter said the coronavirus pandemic meant the retailer was ordering stock 'just in case', a big change from 'just in time' supply chains of the past.

  • Elouise Fowler
The coronavirus crisis is changing the retail landscape at a staggering pace,  and while shoppers are spending up now - and flocking online - not all retailers will be able to adapt and survive.

Online the new frontier in retail's rent debate

There remains a power balance between landlords and retailers, but they'll need to work together to find a way forward in a post-COVID world.  

  • James Thomson
Rob Scott, CEO, Wesfarmers, speaking with AFR’s Julie-Anne Sprague at AFR Retail Virtual Summit.

'Off a cliff': Wesfarmers boss urges growth stimulus

Wesfarmers CEO Rob Scott has called for more pump priming to help support the retail sector amid growing fears sales will fall off a cliff after September.

  • Sue Mitchell

Cash warns banks to reduce 'tap and go' fees

Senator Michaelia Cash has written to ABA CEO Anna Bligh to express the government's support for "least-cost routing" to put more payments to the Eftpos network.

  • James Eyers
Retail Virtual Summit

Retail: Through the Crisis - a special edition virtual summit

The Australian Financial Review's virtual summit Retail: Through the Crisis unites industry leaders to explore policy options for a strong retail recovery.

  • Alana Piper