Additional 10% off*, Additional 15% off*, Additional 20% off

Ends February 28th

To celebrate the year of the Horse, Theory Outlet’s will have ‘Lucky Red Envelopes’ in store. Each envelope will include one out of three lucky discounts. *Valid at Theory Outlet Stores until February 28, 2026. Not valid at Theory Full Price or on Theory.com. Exclusions apply. No to be combined with any other offer, discount or applied to previous purchases. 2/1/2026 – 2/28/2026 (or until supplies last)