Create a custom theme in Magento 2

Please follow the steps to create a custom theme in Magento 2

Step 1: Create a directory for Theme
Create a directory in app/desing/frontend/ with vendor name and theme like:
app/design/frontend/vendorName/themeName

Step 2: Declare theme.xml under the theme directory
Create a theme.xml file under “app/design/frontend/vendorName/themeName” this file will have theme name, parent theme name and preview of the theme.

<theme xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:noNamespaceSchemaLocation="urn:magento:framework:Config/etc/theme.xsd">
    <title>Vendor ThemeName</title> <!-- your theme name -->
    <parent>Magento/blank</parent> <!-- the parent theme, in case your theme inherits from an existing theme like luma/blank-->
    <media>
        <preview_image>media/preview.jpg</preview_image> <!-- the path to your theme preview image -->
    </media>
</theme>

Step 3: Create a composer file Composer file under the theme directory

Magento 2 themes are distributed as Composer packages so it will be registered as a Package on the server.
Add a file composer.json which is optional
Ex: app/design/frontend/vendorName/themeName/composer.json

{
"name": "vendorName/themeName",
"description": "N/A",
"require": {
"php": "~5.5.0|~5.6.0|~7.0.0",
"magento/theme-frontend-blank": "100.0.*",
"magento/framework": "100.0.*"
},
"type": "magento2-theme",
"version": "100.0.1",
"license": [
"OSL-3.0",
"AFL-3.0"
],
"autoload": {
"files": [
"registration.php"
]
}
}

Step 4: Adding registration.php under theme directory
Ex: app/design/frontend/vendorName/themeName/ registration.php

<?php
/**
* Copyright © 2017 Magento. All rights reserved.
* See COPYING.txt for license details.
*/
\Magento\Framework\Component\ComponentRegistrar::register(
\Magento\Framework\Component\ComponentRegistrar::THEME,
'frontend/vendorName/themeName',
__DIR__
);

Step 5: Check all above files properly before running the upgrade and deploy command because once you run the command. Magento will generate a table for the theme.

Step 6: Run setup upgrade and deploy commands.
Setup Upgrade Command: php bin/magento setup:upgrade
Setup Deploy Command: php bin/magento setup:static-content:deploy
(If developer mode is enabled then you need to run deploy with -f flag like php bin/magento setup:static-content:deploy -f)

Step 7: Check theme in Backend
Goto ‘Content > Themes’ and you can see the theme you created.

Step 8: Assign a custom theme to store
Goto ‘Content > Configuration’.
Click on the edit button in action column and assign theme drop down.