I believe so. I didn't get all the details but my buddy traded in a NIB scope for a different one with them. If you've got one close you could give them a call.
I bought a Gen2 PST online that stopped tracking and went and did a trade for current store credit through Scheel's. Now that's a little different from what you're trying to do, but they will work the Vortex warranty for you if you ever need it and just give you an in stock scope so you don't have to wait.