1. Task 2: Risks
Fashion Retail Level 2

2. Objectives
All learners to be able to identify a minimum of five risks in handling transactions
All learners to make two suggestions of how to overcome risks
All learners to commence work on task 2

3. Profit Protection
Profit Protection is the term given to the process of Retailers, reducing theft and stock loss.
There are many risks that retailers may reduce including:
Internal theft
Shoplifters
Accepting returns that have been deliberately damaged by the customer
Accepting stolen stock as a returned item
Theft of equipment/resources
Taking counterfeit bank notes as payment
Tasking counterfeit gift vouchers as payment

4. Till Snatch
A till snatch is when thieves steal the entire till, including all of its contents
Thinking Point:
How could retailers avoid/reduce the risk of this happening?

5. Counterfeit Bank Notes
Fake bank notes are a common risk for many high-street retailers.
How many ways can you think of preventing this risk? – create a list in your notebook and be prepared to feedback 5min

6. Counterfeit Bank Notes
The risk of accepting fake notes may be reduced by the following methods:
Using UV lights
Tearing the silver stripping
Rubbing against paper
Checking against another note (colour and texture)
Watermark held up to the light

7. Internal Theft
Internal theft is when an employee unlawfully takes items or money without permission.
Internal theft is responsible for the loss of £millions every year.

8. Counterfeit Vouchers Vouchers may be printed illegally
Thinking Points:
How could a URN help to combat this?
How might the EPOS system be able to help combat this?
Why might swipe vouchers be safer to process than paper vouchers?

9. Thinking Points:
How might retailers be able to reduce the risks of the following:
Fake credit notes
Pre-used universal vouchers
Giving customers incorrect change