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I returned an item today which was given to me as a gift. I had a gift receipt. I was told I would get my refund in the form of a store credit. What is the point in getting a gift receipt if you are going to get a store credit anyway?!?! After reading other people's comments I guess I am lucky to have had a gift receipt otherwise I could have been subjected to the lowest price rule even though my item was $54.00. Good luck ULTA, cause I'll be doing my shopping elsewhere, so many other stores, so little time... LOL