May 20, 2026 · 7:40 AM
Luxury Deals Catch-Up: The Best Sales From May 15–20, 2026
A five-day catch-up edition covering every confirmed luxury deal active May 15–20. Saks upgraded its sale to 50% off (code SAKSSALE), three brand-direct sales launched (Christian Louboutin ~40%, Toteme 40–70%, Zimmermann ~30%), and Nordstrom Rack Clear the Rack opens May 22–25. SSENSE and Farfetch remain open with deep discounts. Closes with a Memorial Day action calendar for May 23–25.
This is a catch-up edition covering five days of deals (May 15–20) — longer than the usual daily cadence. The focus is on what is still open and actionable today, with particular attention to windows closing before or during Memorial Day weekend (May 23–25). Three brand-direct sales launched this week, Saks Fifth Avenue upgraded its designer markdown from 40% to 50%, and the Nordstrom Rack Clear the Rack event opens for early access tomorrow.
At a glance
| Retailer / Brand | Discount | Code | Access | Closes |
|---|---|---|---|---|
| Givenchy (brand-direct) | 40–50% off | None | Public | No end date |
| Christian Louboutin boutiques | ~40% off | None | In-store | Rolling |
| Christian Louboutin dept stores | ~40% off | None | In-store / online | Starts May 21 |
| Toteme (brand-direct) | 40–70% off | None | Account login | No end date |
| Zimmermann (brand-direct) | ~30% off | None | Public | No end date |
| Saks Fifth Avenue designer sale | Up to 50% off | SAKSSALE | Email invite / login | No end date |
| Neiman Marcus designer sale | Up to 40% off | NMSALE | Email invite / login | No end date |
| Nordstrom designer clearance | Up to 40% off | None | Public | No end date |
| Bloomingdale's designer sale | Up to 50% off | None | Private / link | Rolling |
| Shopbop designer sale | Up to 50% off + extra 10% | EXTRA10 | Public | Code expires May 21 ⚡ |
| SSENSE seasonal sale | Up to 70% off | None | Public | No end date |
| Farfetch SS26 sale | Up to 50–70% off | None | Public | No end date |
| NET-A-PORTER Memorial Day | ~30% off | None | Public (unconfirmed) | ~May 25 |
| Mytheresa private sale | Up to 30–70% off | None | Account login | No end date |
| The Outnet | Up to 70% off | NEXT20 (20% off £250+) | Public | May 31 (codes) |
| Nordstrom Rack Clear the Rack | Extra 25% off red-tag | None | Public May 22–25 | May 25 |
| Saks Off 5th | 60–90% off | None | In-store (closing stores) | Until stores close |
Brand-direct sales
Three luxury houses launched public or semi-public markdown events this week. Brand-direct purchases carry no retailer markup and often show the fullest in-season inventory.
Givenchy — 40–50% off, 300+ items, no code required
Givenchy's (French luxury fashion house, part of LVMH) official US sale page has been live and publicly accessible throughout the May 15–20 window with no login or invitation required. 1 The discount range is 40–50% off, spanning roughly 300 items across shoes, ready-to-wear, bags, and accessories.
Representative prices from the current sale:
| Item | Original | Sale price | Off |
|---|---|---|---|
| Antigona East-West Bowling bag (grained leather) | $2,300 | $1,380 | 40% |
| Tuxedo cigarette pants (wool) | $1,950 | $975 | 50% |
| Sliced Square ballerinas (denim) | $950 | $570 | 40% |
| Cage heeled sandals (patent leather) | $1,050 | $630 | 40% |
| Cotton t-shirts with prints | $690 | $345 | 50% |
| Small GIVENCHY pouch (canvas with bow) | $550 | $330 | 40% |
The sale has no published end date. Access: givenchy.com/us/en/sale. US storefront; international variants available on the brand's regional sites.
Christian Louboutin — 40% off, boutiques live now, department stores May 21
Christian Louboutin (French luxury footwear and accessories house, known for red-soled shoes) launched its spring markdown on May 19 in its own boutique locations. 2 3
- Boutiques: 40% off selected styles — live since May 19
- Department stores (Saks Fifth Avenue, Nordstrom, Neiman Marcus, Bloomingdale's): markdowns begin May 21
- Outlets: Deeper discounts available at Louboutin outlet locations; per Madison Avenue Spy, outlets are the better option for maximum savings given some closing locations 2
- Geographic availability: US boutiques and department stores
- Discount is confirmed at approximately 40%; per-store variations and specific styles available will be clearer once the May 21 department-store drop goes live
Practical note: May 20 (today) is the last day to shop the boutique-only window before the department-store wave opens tomorrow. If you are near a Louboutin boutique, check inventory today. Once department-store pages go live on May 21, online access becomes an option.
Toteme — 40–70% off, login required
Toteme (Swedish minimalist luxury brand, known for clean tailoring and wardrobe basics) launched a private sale on or around May 19. 4 Access requires a Toteme account login at toteme.com.
- Discount: 40–70% off
- Categories: Outerwear, core wardrobe pieces, basics
- Access: Account login at toteme.com; or shop Toteme's sale selection on NET-A-PORTER and at Saks Fifth Avenue (code SAKSSALE, Toteme is among the featured brands)
- Ships to: Toteme.com ships to multiple countries; check regional availability on checkout
Per newsletter Magasin: the sale spans "a wide range (40% to 70% off) of product, covering everything from outerwear to core wardrobe pieces." 4 Per The Love List (Jess Graves): "The discounts are meaningful. There are plenty of universally-flattering basics." 5
No end date has been announced.
Zimmermann — ~30% off, End of Season Sale
Zimmermann (Australian luxury brand, known for feminine silhouettes, floral prints, and resort wear) launched its End of Season Sale on May 19. 6
- Discount: approximately 30% off selected styles
- Collections on sale: Cruise RTW 26 and Resort Swim 26 (selected pieces including polka-dot dresses and matching sets)
- Access: Public — online at zimmermann.com and in Zimmermann boutiques
- Geographic availability: US online and in-store confirmed; international via zimmermann.com
Per Magasin newsletter: "Zimmermann end-of-season event (roughly 30% off, with polka-dot dresses and matching sets)." 4 Official store event confirmed via Simon Malls (Fashion Valley, San Diego location). 6
Loewe — sale has ended
Loewe's (Spanish luxury fashion house owned by LVMH, known for leather goods and The Puzzle bag) US sale page at loewe.com/usa/en/sale now redirects to the homepage. 7 The sale was confirmed active on RTW and accessories as recently as May 15; as of May 20, no public sale is accessible on the US storefront.
US department stores
All four major US luxury department stores are in active markdown season simultaneously. This is the spring designer sale cycle — not a liquidation event. (The liquidation-level discounts are confined to the Saks Off 5th outlet chain, covered separately below.)
One important structural note: Saks Global — the parent company of Saks Fifth Avenue and Neiman Marcus — filed for Chapter 11 bankruptcy on January 14, 2026. 8 This has led to permanent closures of several Saks Fifth Avenue flagships (Chicago and Phoenix Biltmore) and the near-full shutdown of the Saks Off 5th off-price chain. The seasonal designer sales running at the remaining Saks Fifth Avenue and Neiman Marcus full-line stores are independent of the bankruptcy proceedings — they are routine spring markdowns.
| Store | Discount | Code | Access | Notes |
|---|---|---|---|---|
| Saks Fifth Avenue | Up to 50% off | SAKSSALE | Email invite / saks.com login | First markdown wave live May 18 |
| Neiman Marcus | Up to 40% off | NMSALE | Email invite / account login | Early access ended May 17; sale ongoing |
| Nordstrom | Up to 40% off | None | Public | Twice-yearly Designer Sale Season |
| Bloomingdale's | Up to 50% off | None | Private / link | Balmain live; more brands coming |
| Shopbop | Up to 50% off + 10% | EXTRA10 | Public | Code EXTRA10 expires May 21 ⚡ |
Saks Fifth Avenue — up to 50% off, code SAKSSALE
Saks Fifth Avenue's designer private sale upgraded from 40% to 50% off on May 18, when the first official markdown wave launched. 9 Access is via email invitation or by logging into a Saks.com account, then entering code SAKSSALE at checkout.
Featured brands in the first markdown wave include Fendi, Givenchy, Toteme, Balmain, Dolce & Gabbana, Alaïa, Zimmermann, and Burberry. 10 Categories covered span bags, shoes, jewelry, accessories, and menswear, each with separate category landing pages. No end date has been published; spring designer sales at Saks typically run two to four weeks.
Neiman Marcus — up to 40% off, code NMSALE
Neiman Marcus (US luxury department store, ~35 full-line locations remaining) is running a private designer sale with up to 40% off. 10 The early-access window ended May 17; the sale remains active as of May 20 but has not been confirmed as open to general public access. Apply code NMSALE at checkout.
Featured brands: Alaïa, Balmain, JW Anderson, Zimmermann, Jimmy Choo. Access: log into your Neiman Marcus account and check for the sale invitation in your account dashboard.
Note: Neiman Marcus Last Call (the brand's outlet division, all 5 locations) is closing as part of the Saks Global restructuring. Full-line Neiman Marcus stores remain operational. 8
Nordstrom — up to 40% off, public access, no code
Nordstrom (US department store chain, 350+ full-line and Nordstrom Local locations) launched its twice-yearly Designer Sale Season around May 15, with clearance markdowns of up to 40% off original prices. 11 No code or login is required — the sale is open to all shoppers via nordstrom.com/browse/designer-clearance.
Featured brands include Burberry. Per Madison Avenue Spy's Nordstrom Spring Private Sale guide, the private layer also includes Burberry 30% off, Gucci jewelry 30% off, and Khaite up to 55% off. 12
Bloomingdale's — up to 50% off Balmain, more brands following
Bloomingdale's (US luxury department store) Private Designer Event, launched May 12, currently features Balmain at 50% off. 10 Additional brands confirmed at up to 50% off: Maje and Sandro. Per Madison Avenue Spy, Jimmy Choo, Versace, and Burberry are expected to be added as the season progresses. 10 Access is link-based (check Instagram account @dailydesignerfinds or Madison Avenue Spy for the current access link).
Shopbop — up to 50% off + code EXTRA10, expires today
Shopbop (Amazon-owned authorized designer retailer, ships globally) launched a designer sale with up to 50% off. 13 An additional 10% off code — EXTRA10 — was valid May 19–21. If you are reading this on May 20, the code is still active today; it expires May 21. This stacking opportunity makes Shopbop's prices competitive with multi-brand outlet pricing on the same styles. Shop at shopbop.com/sale.
Multi-brand e-tailers
SSENSE — up to 70% off, 500+ designer brands, no login
SSENSE (Montreal-based authorized multi-brand retailer, 500+ designer labels, ships to the US and 170+ countries) is running its seasonal sale with up to 70% off across men's and women's. 14 15 No login required.
Men's sale price range: $26–$1,627. Women's sale: $81–$644. Deepest discounts are in the 50–80% range. Brands with strong representation include Jacquemus (10+ women's styles), Balenciaga, Tom Ford, Marc Jacobs, Lemaire, Marine Serre, Pleats Please Issey Miyake, and Rick Owens. Sort by "Discount: High to Low" to surface the steepest markdowns.
Note: Earlier reports from May 15 referenced discounts up to 85% off; the current sale page meta-description reads "up to 70% off," likely reflecting inventory depletion at the deepest markdown tiers as the sale progresses. 14 A SSENSE Summer Sale is expected in late May, which may introduce a fresh markdown layer. 16
Farfetch — SS26 sale up to 50–70% off
Farfetch (global luxury platform aggregating 1,300+ boutiques worldwide, ships to 190+ countries) confirmed its SS26 (spring-summer 2026) sale via an official Facebook video: "up to 50% off." 17 Third-party coupon aggregators (Marie Claire, Glamour UK) report up to 70% off in select categories including women's ready-to-wear and kidswear. 18 Per Glamour UK, discounted kidswear is valid through May 24.
An additional 15% off first-order via the Farfetch app may be stackable on sale prices. Note: Hermès, Chanel, and Bottega Veneta are rarely included in platform sales of this kind; sale-eligible brands benefit most from the stacking approach. Shop at farfetch.com/shopping/sale.
NET-A-PORTER — Memorial Day sale reported at 30% off (status unconfirmed)
NET-A-PORTER (UK-based authorized multi-brand retailer, 800+ brands, women's fashion focus, ships to 170+ countries) is reported to have a Memorial Day sale active at 30% off luxury women's clothing, shoes, and accessories. 19 Madison Avenue Spy's spring cheat sheet predicted a public sale opening "a week before Memorial Day" (approximately May 18). 10
Two caveats apply here. First, the NET-A-PORTER sale page could not be directly verified due to anti-scraping protection, and at least one sale-tracking platform listed the site as having no active sale as of May 18. The 30% off figure comes from coupon aggregators, not a first-party source. Second, NET-A-PORTER's UK distribution centre is experiencing a labor strike on May 20–21 (approximately 100 employees), which may affect delivery times for orders placed today or tomorrow. 20 Log into your NET-A-PORTER account directly to confirm current sale status before purchasing.
For EIP (Extremely Important Person) account holders: a private sale at up to 30% off on Alaïa, Staud, Jacquemus, Doên, and Manolo Blahnik has been confirmed via Madison Avenue Spy as active. 10
Mytheresa — private sale up to 70% off, public sale likely imminent
Mytheresa (Munich-based authorized multi-brand retailer, 200+ brands, ships to 130+ countries) has an active private sale at up to 30% off on Pucci, Staud, Manolo Blahnik, Roger Vivier, Dries Van Noten, and Balmain for eligible account holders. 10 A separate Miu Miu exclusive private sale offers 50% off, with access restricted to specific account tiers; log into mytheresa.com to check eligibility.
Additionally, Madison Avenue Spy reported a private Prada sale on Mytheresa with "up to 70% off" on select styles, though access is not universal. 10
ELLE's Memorial Day shopping roundup (published May 20) included a Mytheresa Max Mara Aceri Virgin Wool Midi Dress at 50% off ($597, down from $1,195). 16 This suggests at least some Mytheresa discounts are visible to general shoppers. A broader public sale is expected to open ahead of Memorial Day; per Madison Avenue Spy's cheat sheet, Mytheresa's public sale typically launches before the long weekend. 10 Check mytheresa.com/en-us/sale.html directly.
On Mytheresa's business direction: the company's parent group LuxExperience reported Q3 FY2026 results on May 19, showing Mytheresa net sales up +9.9% in constant currency — the group's strongest segment. 21 Management has flagged a strategic shift toward full-price selling and customer service. This does not affect current sale access, but may indicate fewer or shorter sale windows in future seasons.
The Outnet — up to 70% off, promo codes through May 31
The Outnet (the NET-A-PORTER group's designer outlet, sold by LuxExperience in 2026; past-season authorized stock, ships globally) is running ongoing clearance with up to 70% off on past-season designer fashion. 22
- Promo codes active in May 2026: 20% off first orders over £250 (code NEXT20 or similar); 10% off first purchase
- Codes expire approximately May 31 per SheerLuxe 22
- Designer denim in the current sale includes Re/Done, Mother, and Toteme, with prices under $200 23
- Access: public at theoutnet.com; create an account to unlock promo code eligibility
Outlet and off-price
Nordstrom Rack Clear the Rack — extra 25% off, May 22–25 (early access tomorrow)
Nordstrom Rack (Nordstrom's off-price division, 240+ US and Canada locations, separate from Nordstrom full-line stores) is holding its Clear the Rack event May 22–25 with early access beginning May 21. 24 25
- Extra 25% off all red-tag clearance items (applied automatically at checkout, no code required)
- This stacks on top of Nordstrom Rack's everyday clearance, which already runs up to 70% off on brands including Gucci, Boss, and Nike
- Categories: clothing, shoes, accessories, beauty, and home
- Early access: May 21 (tomorrow); public event: May 22–25
- Available in-store and online at nordstromrack.com
This is the highest-urgency upcoming event in the current window. If you are shopping the Rack specifically for designer clearance, the combination of up-to-70% everyday clearance plus an extra 25% on red-tag items represents the steepest authorized off-price markdown available this spring.
Saks Off 5th — 60–90% off, but the channel is closing
Saks Off 5th (Saks Global's off-price outlet chain) is in active liquidation. 26 Following Saks Global's Chapter 11 bankruptcy filing on January 14, 2026, 57 of approximately 69 Saks Off 5th stores are permanently closing. 8 Closing locations are offering 60–90% off storewide. Approximately 12 stores will remain open after the restructuring is complete.
The saksoff5th.com website is also in the process of shutting down. To find a closing location near you, check the Saks Off 5th store locator while it remains accessible. These are confirmed liquidation discounts — the inventory window for these locations is finite.
What to watch: Memorial Day weekend, May 23–25
Memorial Day weekend is three days out. Several of the deals above either open or reach peak depth during the May 21–25 window.
| Date | Event | Action |
|---|---|---|
| May 20 (today) | Shopbop EXTRA10 code last day; Louboutin boutique-only window | Use EXTRA10 on Shopbop today; visit boutique if nearby |
| May 21 | Christian Louboutin dept-store markdowns begin (40% off) | Check Saks, Nordstrom, Neiman, Bloomingdale's pages |
| May 21 | Nordstrom Rack Clear the Rack early access opens | Log in or visit store for first pick at red-tag + extra 25% |
| May 22–25 | Nordstrom Rack Clear the Rack public event | In-store and online |
| May 23–25 | Memorial Day weekend — peak for NET-A-PORTER and Mytheresa public sales | Monitor both sites; confirmed public sale expected |
| Late May | SSENSE Summer Sale likely to begin | New inventory wave expected at SSENSE |
The three confirmed brand-direct sales (Givenchy, Toteme, Zimmermann) carry no announced end dates and are expected to remain active through at least the Memorial Day period. Saks Fifth Avenue and Nordstrom typically add brands and deepen markdowns in the second and third weeks of their designer sale cycles — both are early in that arc now.
One channel worth monitoring after May 21: Christian Louboutin at authorized outlets. Madison Avenue Spy specifically flagged outlet locations as likely to carry the deepest markdowns, partly because some outlet channels in the Saks Global network are closing and clearing inventory. 27
Cover image: AI-generated editorial illustration.
References
- 1Givenchy: Designer SALE's Collection
- 2Madison Avenue Spy (Instagram): @christianlouboutin markdowns begin May 19th
- 3dailydesignerfinds (Instagram): Christian Louboutin Loub Sale Starts This Week
- 4Magasin: 480: 94º F — Magasin Weekly Newsletter
- 5The Love List: Summer's Upon Us. Cheeks out!
- 6Simon Malls: Zimmermann End of Season Sale — San Diego
- 7LOEWE Official Site: Sale redirect
- 8Arizona State Law Journal: Saks Fifth Avenue's Bankruptcy Hits Arizona
- 9Madison Avenue Spy: Saks 1st Markdown LIVE!! 50% Off
- 10Madison Avenue Spy: Designer Private Sale Cheat Sheet — Spring/Summer 2026
- 11Luxe Hunt (Instagram): Designer Clearance — Nordstrom Designer Sale Season
- 12Madison Avenue Spy: Nordstrom Spring Private Sale Guide
- 13Madison Avenue Spy: Shopbop Spring Markdown Guide 50% Off
- 14SSENSE: Sale — Men's Designer Fashion
- 15SSENSE: Sale — Women's Designer Fashion
- 16ELLE: 36 Memorial Day Sales Worth Shopping
- 17Farfetch Official Facebook: SS26 sale — up to 50% off
- 18Marie Claire: FARFETCH promo codes — May 2026
- 19CouponFollow: Net-a-porter Coupons — May 2026
- 20GMB Union: Net-A-Porter deliveries to be 'savaged' as 100 strike
- 21FashionNetwork: LuxExperience reports progress in Q3
- 22SheerLuxe: The Outnet Promo Codes — May 2026
- 23The Outnet: Why Buy Designer Denim
- 24Nordstrom Rack: Deals, Sale & Clearance Items
- 25Rank & Style: Nordstrom Rack Promo Codes — May 2026
- 26Retail Dive: Saks Off Fifth may be gone, but its customers aren't
- 27Madison Avenue Spy (Instagram): Louboutin markdowns begin May 19th
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