Neat boutiques and specialty shops and areas that are not extremely expensive. Women's clothes , accessories , home goods, etc. thanks guys!!!
The French Concession is full of great little boutiques. Spin Ceramics is a place everyone likes to visit. Cheap knockoffs of all types are available at the Shang Hai Ke Ji Guan (right in the metro)--the other "fake market" downtown is almost completely closed. Doesn't sound so much like what you're looking for, though. I'd go wandering around the FFC and tucking into the great little shops. It is also well worth getting clothing made at the fabric markets.
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Any street 4 blocks away from where you are staying