A padlock, a key for unlocking the padlock, and a padlock display package are provided in combination. The padlock includes a shackle lockable with a lock body. The padlock display package includes a base member having a front side and a back side, a shackle retaining member extending from the front side of the base member, and a key retainer secured to the base member. The locked shackle of the padlock is positioned around at least a portion of the shackle retaining member to secure the padlock to the display package. The key retainer includes a cavity receiving at least a portion of the key therein, and the padlock prevents removal of the key from the key retainer.