Your Trip to Iceland: The Complete Guide SEE FULL GUIDE prev next Guide to the Blue Lagoon Food to Try in Iceland Best Restaurants in Reykjavik Top Reykjavik Bars Craft Beer in Iceland Best Time to Visit Weather & Climate Top Places to Visit in Iceland Keflavik International Airport Guide Best Hotels in Reykjavik Driving in Iceland Tipping in Iceland Staying Safe in Iceland Helpful Words and Phrases Best Tours in Iceland Top Northern Lights Tours Seven-Day Iceland Itinerary 48 Hours in Reykjavik Day Trips From Reykjavik Top Things to Do in Iceland Best Beaches in Iceland Hiking in Iceland How to See the Northern Lights Best Icelandic Hot Springs Skiing in Iceland Top Things to Do in Reykjavik Free Things to Do in Reykjavik Reykjavik's Best Museums Shopping in Reykjavik Your Trip to Iceland: The Complete Guide close Overview Europe Iceland Shopping in Reykjavik, Iceland By Terri Mapes Terri Mapes Facebook Twitter Terri Mapes specializes in giving first-time Scandinavia visitors practical tips for their travels. TripSavvy's editorial guidelines Updated on 10/02/19 Share Pin Email L. Toshio Kishiyama / Getty Images Opening Hours of Shops Shopping hours are Monday to Friday 9 a.m. - 6 p.m. and Saturday from 10 a.m. to between 2 and 5 p.m. (depending on the shop). The Kringlan shopping center is open Monday through Thursday 10 a.m. - 6:30 p.m., Friday 10 a.m. - 7 p.m., Saturday 10 a.m. - 4 p.m. and Sunday at 1 p.m. - 5 p.m. Some shops stay closed Saturdays in summer although many supermarkets remain open until 11 p.m., seven days a week. Downtown Shopping Laugavegur is the shopping street in the downtown area. In this popular shopping area of Reykjavik, visitors find a large number of shops and craft studios, but it's not exactly the cheapest area to go shopping in Reykjavik. Instead, Skólavödustígur (the street leading from Laugavegur to the Hallgrímskirkj church) has turned into a very hot shopping area. Several shops can be found selling outdoor wear and equipment, such as Skátabúdin at Snorrabraut 60. Going to the Mall The Kringlan shopping mall in the new city center of Reykjavik is a shopping hub of social activity. Get some souvenirs from Íslandia, the popular store with Icelandic souvenirs. Fur apparel is found at Eggert at Skólavördustígur 38. The famous lopapeysa (Icelandic jumper) are also great to bring home - they can be bought in every bigger store in Reykjavik. Other Shopping Opportunities The flea market located at Laugardalur 24 is open Saturday 10 am - 5 pm and Sunday 11 am - 5 pm. Here, budget shoppers can find all kinds of typical flea market paraphernalia at low prices. You can save up to 20% while shopping anywhere in Reykjavik by using the Iceland Travel Discount Card. VAT Refunds for Iceland Visitors VAT (Value Added Tax) on most goods in Iceland is 25.5% (books are 14%). A VAT refund when you leave allows you to recover taxes you originally paid when shopping. To qualify, a minimum purchase of IKr 4,000, (around $32) including VAT, must be made in a store displaying a "Tax-Free" shopping or "Global Refund Tax" sign or flag, and you must ask for a refund check when paying. For refunds of over IKr 5,000, (around $40), the goods will have to be shown at the airport to get the refund. The Complete Guide to Iceland's Blue Lagoon Was this page helpful? Thanks for letting us know! Share Pin Email Tell us why! Submit