Name of Shop: Night Market
The night market in Chiang Mai is fantastic. It is huge and probably covers at least a square mile. There are market stalls lining the main streets plus many of the side streets.
I found the prices the cheapest in Thailand, cheaper than Bangkok and Southern Thailand.
You will find everything for sale from traditional Thai carvings through to clothes, CD's and fake designer goods.
Make sure you have a large suitcase when you visit Chiang Mai. Shop till you drop :)
What To Buy: There is something for everyone in the market.
What To Pay: Prices are cheaper than Bangkok and Southern Thailand so start haggling at a lower price than normal.
For example I bought 5 silk shirts for 10 British pounds (about 20 US dollars).
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Directions: Centre of Chiang Mai