As far as I know, no. A few months ago I had tried to order a bag on coach.com using a merchandise credit, Coach said they ran out of stock and could not pull one from the warehouse because I used a merchandise credit. So I was already annoyed. They gave me the stores where the bag was still in stock and said my local store could order it for me, as they could not do merchandise credit unless the purchase was associated with one store. So I drove there gave them the store info and they claim they can only do it for local stores (maybe 1-2 more besides them) where the bag was not in stock. They told me I call could the store where it was in stock and have them send it to me, which I did in the store. And guess what now the only store that has the bag in stock is a Macy's in NYC that of course doesn't accept Coach merchandise credit. On top of that, it took two full weeks for me to get a replacement merchandise credit in the mail. I was so annoyed after the whole ordeal I refused to give them more of my money. But on the brightside, because I still wanted to use the merchandise credit, I ended getting a near perfect 1941 turnlock saddle on FOS that I may not have been looking at if I had not had the merchandise credit left. And btw the only reason I had a credit to begin with is that Coach can't do a refund if you use PayPal or spend money sending all the stuff back to JAX.
Sorry long rant. The nearest outlet to me is an hr away and they don't have any of the strap in stock in the state. Last time I went there I asked about a delete bag and after waiting 30 minutes the SA finally came back and said they didn't have it. I guess I haven't explicitly tried but based on my experiences thus far, I'm thinking they don't do it.