I think you should not let this go! That's a good amount of money, and having just used a store credit last month after the memorial day sale, I know that there wasn't an expiration on my credit, so for them to make one up now seems fishy.
I HATE what the new owners are doing, it's just sad. Toni and Ben were really making progress in their comeback, and the new owners are just trashing it all over again.
Oh, and placed an order on 6/25. Chatting with Joanna now and the order will be in the next shipment, possibly. How in the world can one order HH as a gift, if you don't know when or if it will be delivered???
i already wrote back to them to tell them that i don't believe i was ever told when the credits were issued that they expired. i have no idea what the FAQ might have said back then, though. i honestly have absolutely no idea what the credits were from - i have a partial record, but not all way the way back to the beginning, unfortunately.
even better is the gift card that they told me has no value and i KNOW it had a certain amount on it, but besides me saying that i don't know what else to do.
i definitely wouldn't gift HH at this point, for the reason you pointed out and also that i can't imagine what would happen if i got a damaged item and how long it would take to resolve.