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Consumer goods in Spain are generally cheaper than elsewhere in Europe. The Canary Islands are duty-free, so tobacco, alcohol and perfumes are cheaper than in Europe, but limits on the number of such goods that can be brought off the island still apply.
Fuerteventura stores in the main resort areas are geared toward tourists, so prices tend to be fairly high. Shopping is cheaper in Puerto del Rosario, as the city does not emphasize tourism. You will find the island largest shopping mall Las Rotondas here with its many designer and local shops together in one place, covering 3 floors with plenty of parking. You will find Zara, Springfield, Berschka and H & M, to name a few.
Corralejo has a new shopping centre called El Campanario (the bell tower) which offers a few designer stores, perfumeries and the local weekly artisan market which takes place on a Sunday between 10:00 and 14:00 This centre offers live music and entertainment regularly, and Canarian music takes place in the central plaza on Saturday afternoons which is then broadcast on local TV.
The shopping center in Caleta CC Atlantico, offers a cinema (movies only in spanish) and bowling alley. There is a Mcdonalds and Burger King, supermarket and a few local shops.
To get reasonably-priced locally crafted wares and fake designer goods, try one of the weekly markets in Corralejo, Caleta, Morro Jable and Costa Calma.
Electronics are cheaper in the Canary Islands, and generally they are genuine and will come boxed. The shops in Puerto are mainly for residents so they will not be selling faulty items. European guarantees still apply, so ask when you buy.
A passport is not required to travel to the Canary Islands for European Union citizens (but one is required from the UK), but you will need to show some form of ID in order to use a credit card.