5 Best places for shopping in Madrid for all budgets

Looking for a unique shopping experience in Madrid?

From the most world-renowned brands and luxury boutiques to the best malls and outlets in Spain, Madrid is a shopping destination meant for all tastes and budgets.

Keep on reading to find my list of the best places for shopping in Madrid!

What to buy in Madrid?

Generally speaking, prices in Madrid are much more affordable than in other European capitals such as Paris or London.

That is why for many tourists Madrid is a shopping paradise.

Madrid always has something to offer to everyone, especially when talking about fashion.

Brands such as Zara and Loewe are famous worldwide and you will find the best prices in Madrid.

Periods of sales are a good opportunity to find bargains when shopping in Madrid

Moreover, January and July are times for sales and you find discounts even up to 50-70% in most of these fashion stores. If you are searching for bargains and shopping in Madrid, those are the best months to visit the city.

In Madrid, you can find luxury fashion stores such as Loewe and its flagship store located at Gran Vía, 8. But in this post, I will focus on shopping in Madrid for all budgets.

In case you are new to Spanish fashion, these are the most popular and renowned local brands at the best prices:

Zara

  • Specialized in: clothes, accessories, and shoes.
  • Target customer: 18-45 years old.

Zara is one of the most famous Spanish brands and it is a must if you are searching for affordable and quality shopping in Madrid.

Bringing attractive and responsible fashion, as well as improving the customer’s experience, are Zara’s priorities since 1975.

Over the years, Zara has remained faithful to its core values, and it has become one of the most famous fashion brands worldwide, being present in almost 100 countries.

Due to a close relationship with its customers, Zara can respond fast to their changing needs, reacting to the latest trends and constant feedback received, and deliver new ideas in the right place and at the right moment. This is one of the keys to the success of this brand.

Zara is fully committed to sustainability through some innovative projects such as the installation of clothing recycling containers in-store and a scheme providing for free at-home collection of used garments to complement the delivery of online orders.

Bershka

  • Specialized in: clothes, accessories, and shoes.
  • Target customer: 13-25 years old.

Bershka’s fashion reflects the most recent developments in music, social networking, and pioneering technologies.

This brand was set up by Inditex Group (Zara) as a groundbreaking retail fashion concept, delivering the very latest trends to urban and connected young people.

Bershka has created a wide spectrum of available styles from evening wear, casual, basics, sports, jeans, accessories, and footwear, to the latest street trends and designs.

Bershka stores throughout the world showcase avant-garde styles in ways that are true to its philosophy of immersing its customers in the youth aesthetics of a new century.

Its ‘Stage’ concept, provides an immersive experience, with music, screens, projections, modern graphics, vibrant colors, contemporary furniture, state-of-the-art lighting, and much more to make shopping in Madrid at Bershka an ‘experience’.

Oysho

  • Specialized in: lingerie and sleepwear.
  • Target customer: (18-40)-year-old women.

You need to visit Oysho when shopping in Madrid if you are searching for lingerie, beachwear, and sleepwear.

This brand offers the perfect combination between fashion and comfort.

Oysho´s collections seek to infuse today’s trends with the timeless principles of elegance, romance, and subtle femininity.

All of Oysho’s lines are incorporating garments made with sustainable materials under its global action plan Oysho Join Life. Its goal is to reduce the use of natural resources, minimize the environmental impact of each phase of obtaining them, and also to protect biodiversity.

El Ganso

  • Specialized in: clothes, accessories, and shoes.
  • Target customer: 25-40 years old.

If you want to enjoy shopping in Madrid, El Ganso is a recent Spanish brand seeking to exalt personality, lift spirits, and be a dose of counter-current optimism.

Well-dressed but informal, elegant but somewhat disheveled, carefully unkempt.

Its mission is to offer stylish, casual, top-quality fashion at a reasonable price. This brand looks to the classics for inspiration but it always seeks to create something new.

Perhaps everything summarizes in being cool, natural, and free. Having tons of personality and no hang-ups. Being yourself.

I personally love El Ganso stores, garments, and the experience when I go shopping in Madrid. Don´t skip it!

Bimba y Lola

  • Specialized in: handbags and accessories.
  • Target customer: (25-55)-year-old women.

Bimba y Lola is a Spanish clothing firm for women’s clothing, accessories, and bags.

When I go shopping in Madrid, this store is a must, I love their original handbags and purses!

It is recognized for its irreverent and ironic edge. Its characteristic personality has led to women around the world choosing Bimba y Lola in order to stand out and leave their mark in their day-to-day.

Given its image and the philosophy based on creativity, Bimba y Lola has a close relationship with the world of art and the avant-garde, collaborating with emerging artists and taking part in art fairs around the globe.

The excellent quality and cutting-edge design make Bimba y Lola an internationally recognized brand, present in 18 countries.

TOUS

  • Specialized in: jewelry.
  • Target customer: (20-45)-year-old women.

Four generations of jewelers have made TOUS one of the leading fine jewelry brands in the affordable luxury segment.

For nearly 20 years, TOUS has been producing timeless designs in precious materials such as steel, silver, and gold.

Creativity, innovation, and passion for the customer are the main core values behind the success of this brand.

Each unique TOUS piece reflects the brand’s values of tenderness, fun, and youthful spirit.

If you are searching for the best jewelry at an affordable price when shopping in Madrid, TOUS is your store.

Although the brand also offers a wide range of bags, perfumes, watches, glasses, and other accessories.

TOUS’s commitment goes beyond the preservation of the jewelry trade to include its sustainable development. Thus, the company works to minimize its footprint by investing in environmentally friendly resources for its buildings, production processes, and final product.

Cortefiel

  • Specialized in: clothes, accessories, and shoes.
  • Target customer: 35-55 years old.

Cortefiel is one of the most popular Spanish clothing brands that you should not skip when shopping in Madrid.

Its core values are elegance, quality, comfort, and functionality of its garments.

Maintaining its ‘timeless’ focus, it has created collections for every moment in life, prioritizing innovation and sustainability.

The natural elegance that its garments transmit and its wide variety of products centered around customers have led it to become one of the best clothing brands in Spain.

Stores are a way to connect with customers and transmit the brands’ values through their design and the creation of unique spaces, offering the customer a more complete shopping experience.

The points of sale are located in areas close to customers, occupying spaces in the main streets and commercial areas specially designed to provide convenience and ease of access.

If you go shopping in Madrid you will for sure come across several Cortefiel stores.

Cortefiel takes on the challenge of operating in an efficient and environmentally friendly way and sets clear goals to tackle the industry’s challenges in the fight against climate change and protecting the environment.

Its Eco-friendly line opts for a selection of garments made with sustainable or recycled fibers. They are manufactured with processes that use fewer chemicals and reduce water consumption.

Women´Secret

  • Specialized in: lingerie and sleepwear.
  • Target customer: (25-45)-year-old women.

Women’secret is a brand created by and for women. It specializes in lingerie, sleepwear, and swimwear combining elegance, femininity, comfort, and quality.

The brand is committed to an environmentally-friendly future and works to improve processes and select more sustainable raw materials. The new line “Honest” by Women’secret is made with organic cotton and recycled materials, taking another step to care for and respect our planet’s ecosystem.

Women’secret maintains a strong commitment to society and to causes that are especially important and concerning for women. The joint project with Dexeus Mujer helps normalize the daily lives of women who have had breast cancer.

Mayoral

  • Specialized in: clothes, accessories, and shoes for kids.

Mayoral dedicates to the design, manufacturing, and distribution of children’s clothing and footwear, across more than one hundred countries.

Their products are designed to combine quality with fashion and functionality at reasonable prices.

If you are traveling to Madrid with kids, Mayoral is the leading children’s fashion company in the Iberian Peninsula. Shopping in Madrid can be also fun with your children.

The original values of the brand remain unchanged and its commitment to sustainability has strengthened with the #ecofriends project, through actions and initiatives to benefit the environment and reduce the environmental footprint.

Apart from the gradual incorporation of sustainable materials, the reduction of plastic, and the use of 100% recycled paper bags, Mayoral´s most ambitious aim is to have 50% of the collections contain fabrics of sustainable origin by 2025.

5 Best places for shopping in Madrid

shopping in Madrid

Best shopping streets in Madrid

Salamanca

When it comes to Madrid fashion, the Salamanca neighborhood is a paradise for shopaholics visiting Spain.

Salamanca neighborhood is one of the most exclusive zones for shopping in Madrid.

It has a privileged location which will allow you to combine a complete day of tourism, visiting the top 3 museums in the capital, enjoying the most exclusive fashion stores, and finally relaxing in El Retiro Park or eating some Spanish tapas on a terrace.

Streets like Serrano, Goya, Ortega y Gasset, and Claudio Coello are part of Madrid´s Golden Mile.

Loewe, Gucci, Louis Vuitton, Prada, Chanel, Versace, Tiffany & Co, Hermès, Dolce & Gabbana, Christian Louboutin, Carolina Herrera, and Adolfo Domínguez, are a few examples of both national and international designer stores you will find in this area.

But when shopping in Madrid, Salamanca is much more than exclusive boutiques. It gathers all the most popular fashion shops and traditional clothing stores.

Gran Via

Gran Via probably is Madrid’s most famous street.

It’s amazing to walk along the street looking at some of the most interesting buildings in the city, like the Metropolis or the Telefonica.

Gran Via joins Calle de Alcalá and Plaza de España, offering a whole set of the best shopping areas in Madrid, theaters, cafes, and some of the most famous and iconic buildings in Spain such as Metrópolis, Capitol, and Telefónica.

The most popular national and international brands can be found in Gran Vía, such as Nike, Adidas, Beshka, Stradivarius, Real Madrid store, Tous, Primark, Cortefiel, and H&M.

The largest Huawei store in Europe offers the latest products from its catalog, interactive experiences for all the family and state-of-the-art technology, as well as workshops, master classes, and courses.   

Zara flagship store

Finally, the largest Zara store in the world deserves a special remark when shopping in Madrid´s Gran Vía.

It is located in Plaza de España and has become a world reference for integrating physical and online stores.

Zara will occupy more than 7,700 meters distributed over four floors. Customers can buy the cosmetic line recently launched by the company.

Together with the booking services for dressing rooms, and an online shopping collection robot, the flagship store incorporates the new ‘Pay&Go’ function, which will allow customers to purchase garments simply by scanning them using their mobile.

The new store is part of the Inditex Group’s new strategy of having larger and better technologically equipped establishments, to provide a reinforced service to the client complemented by the internet store, as well as the latest advances in environmental sustainability.

If you go shopping in Madrid, do not miss the largest Zara store in the world.

Besides, since 2021 Plaza de España is greener and more accessible.

It has been pedestrianized to allow the connection with the best Madrid tourist attractions such as Plaza de Oriente, Royal Palace, Almudena Cathedral, the Sabatini and Campo del Moro Gardens, and Madrid Río, among others.

Sol

In the very heart of the historical city center, Puerta del Sol square is the most common meeting place for locals and tourists, due to its privileged location.

There is a wide offer of bars, restaurants, and clothing stores, especially in Preciados and Carmen streets.

With its semi-circular shape, the square is a nexus for several commercial areas and it is a must-see for these searching for the best shopping in Madrid.

Sol houses some of the most famous Madrid monuments and buildings and is one of the busiest areas in Madrid and remains active late into the night.

Apart from the most popular Spanish brands, you will also find one of the largest centers of El Corte Ingles, the most famous department store in Spain.

This outstanding pedestrian area is one of the best Madrid shopping zones, offering a high concentration of clothing stores, bookshops, electronics, bars, restaurants, and other entertainment venues. You will also find an Apple Store.

Chueca – Malasaña – Fuencarral

The entire area around Fuencarral street is one of our favorite shopping areas in Madrid.

Chueca and Malasaña neighborhoods have their own artistic charm and are home to many cosmopolitan and alternative boutiques, tattoo parlors, bookshops, comic stores, and vintage fashion shops.

Locals and tourists alike flock here to enjoy a unique shopping experience in Madrid.

Even if you’re not a big shopper, it’s worth paying a visit to Fuencarral street and its surroundings.

You can also rest your feet after an awesome day of shopping in Madrid, in any of the multiple cozy cafés in the area.

Chueca is globally famous as Madrid’s gay neighborhood. It is one of the most cosmopolitan and lively areas and a popular tourist spot in Madrid, Spain.

Chueca is currently a lively and vibrant area, with numerous terraces, cafes, and boutiques. It is a full-of-life and tolerant neighborhood with a lively nightlife scene.

Next to Chueca, Malasaña is the bohemian and hipster neighborhood for shopping in Madrid.

This neighborhood is also famous for having witnessed (and still retain) the birth of the “Movida Madrileña”. This was an underground movement that took place mainly in Madrid during the Spanish transition to democracy after the death of dictator Francisco Franco.

There are numerous terraces and outdoor cafés in Malasaña, although the most famous spots border the Dos de Mayo square.

Malasaña is a great shopping district in Madrid, and Fuencarral is the most popular street.

Best malls and shopping centers in Madrid

There is a wide offer of shopping centers in Madrid where you will find the most popular clothing stores available in one space.

All of them offer additional leisure activities and food courts so you can have the whole shopping experience in Madrid.

Principe Pio, La Vaguada, La Gavia, and Plenilunio are just a few of all the shopping malls in Madrid.

However, the following list includes the shopping malls in Madrid that, apart from the most popular fashion brands, offer additional unique experiences to their visitors.

Intu Xanadu

Madrid Xanadú is a large shopping mall and entertainment center located 20 km outside Madrid.

Intu Xanadu is home to the most popular Spanish fashion brands such as Zara, Cortefiel, Bershka, Desigual, Mango, Mayoral, Oysho, and Womens´secret. This mall is one of the most popular spots for shopping in Madrid.

In addition, you will find other international brands such as Apple Store, Aliexpress, Xiaomi, Huawei, Primark, Levi`s, and Ikea.

However, the most distinctive attraction of this shopping mall is Madrid SnoZone, a huge covered snow park, used for skiing and to go snowboarding even in the summer.

Snozone is an excellent plan for winter sports lovers

This ski resort is one of the largest indoor slopes in the world, and the only one in Spain.

It offers its visitors 18,000 square meters dedicated to the world of snow, both for expert skiers and for those who want to get started in this sport.

The resort has a main slope of 250 meters, 55 meters wide, a gradient of more than 25%, and another less steep slope perfect for beginners in skiing.

SnoZone has a rental service so you can enjoy the experience without having to bring your own equipment, you can even rent boots, skis, snowboards, jackets, pants…

You can spend a perfect day in Intu Xanadu, shopping in Madrid and practicing your favorite sport.

You can get to Intu Xanadu by car or by several bus lines departing from the Principe Pio station.

Plaza Rio 2

Plaza Rio 2 is a recently opened shopping mall located in Madrid Río.

The shopping center covers an area of over 40,000 square meters on three floors with the leading Spanish and international brands in male, female, and children’s fashion, accessories, and beauty.

Some examples are Zara, Bimba y Lola, Bershka, El Ganso, H&M, Mayoral, Womens´secret, Oysho, Armani Exchange, and Victoria´s Secret.

Its main attractions include a large terrace from which a panoramic view of the city and its transformed river as well as an extensive culinary offer.

Madrid Río is one of the best parks in Madrid to admire the Royal Palace and the Almudena Cathedral

But the best advantage of shopping in Madrid Plaza Rio 2 is that, apart from shopping, you will be able to enjoy one of the best parks in Madrid.

Environment, leisure, and sport are the key aspects of Madrid Río.

Therefore, you will not find just accessible green zones and open spaces for strolling and leisure activities.

There are numerous sports facilities (football, paddle, tennis, rock climbing, skatepark,…) playgrounds, bike lanes, restaurants, and cafes.

There are plenty of spaces for family recreation including numerous and different playgrounds made from sustainable materials and with different characteristics according to age.

Madrid Río beach and jets of water are quite fun too, especially in summer.

Madrid Río can be considered one of the best parks in Madrid

The Segovia bridge is awesome too and offers astonishing views of some of the best Madrid landmarks such as the Royal Palace and the Almudena Cathedral.

Madrid Río is also a place to enjoy the cultural activities held at Matadero Madrid, Madrid’s old slaughterhouse renovated to house a remarkable space devoted to culture.

Plaza Rio 2 offers the perfect combination of green spaces and the best shopping in Madrid.

X-Madrid

X-Madrid is a commercial and leisure space in Alcorcón designed to reinvent the leisure experience and shopping in Madrid: more technological, more urban, more extreme, more authentic.

Some of the adventure attractions you will find at X-Madrid are an infinite surfing wave, a 15-meter-high climbing wall, a center to practice all kinds of freestyle disciplines, two pools for diving, and an escape room with 3 challenges.

But there are also remarkable and unique shops such as the ones devoted exclusively to the world of Harry Potter, Pokemon, One Piece, Naruto, Dragon Ball, Nintendo, and Funkos.

All combined with a unique fashion offer featuring globally renowned brands, a wide dining offer, and a pet-friendly leisure area.

You can get X-Madrid by car, metro, train, or bus.

Best outlets for cheap shopping in Madrid

In Madrid, you can find shopping malls, department stores, boutiques, markets, and many other shops throughout the city.

But Madrid is also home to some of the best outlets in Spain, and you will be able to save money while shopping in Madrid.

The city offers excellent shopping options to find the best clothing brands at unbelievable prices. Following are my best 2 outlet malls in Madrid:

Las Rozas Village

Las Rozas Village is the best outlet for cheap shopping in Madrid. You will find the best international brands at pretty affordable prices.

Pretty similar to the outlet malls in the US, it is an open-air space that offers more than 100 boutiques from leading national and international fashion and lifestyle firms with remarkable discounts.

Burberry, Loewe, Barbour, Carolina Herrera, Prada, Coach, Gucci, Gant, Jimmy Choo, Kenzo, Lacoste, Michael Kors, Polo Ralph Lauren, Tag Heuer, and UGG, are just a few examples of the outstanding shops you will find in Las Rozas Village.

Las Rozas Village also has a careful selection of restaurants and terraces where you can relax and watch a spectacular sunset in Madrid.

With extensive opening hours (Monday to Sunday from 10 a.m. to 9 p.m.) and excellent hospitality services, visits to this outlet become a unique outdoor shopping experience in Madrid.

San Sebastián de los Reyes The Style Outlets

This outlet mall in Madrid is one of the largest in Spain, with 120 shops selling popular national and international brands in fashion, accessories, and household goods.

The Style Outlets in San Sebastian de los Reyes offer these brands at very attractive prices, with discounts ranging from 30% to 70%. It is one of the best spots for shopping in Madrid.

A few examples of the brands you will find are Under Armour, Benetton, Hawkers, Geox, Bimba y Lola, Mayoral, Levi´s, and Adidas.

Best department stores

El Corte Inglés

El Corte Inglés is the only department store in Spain. It is the biggest in Europe and the third worldwide.

El Corte Ingles has numerous stores throughout Madrid. Their centers are characterized by the large premises they occupy with a wide range of products, from electronics, furniture, and books, to fashion and accessories.

You will find the best national and international brands gathered in a single space. No matter what you are looking for, you will find it here.

The business model of El Corte Inglés is based on innovation, constant adaptation to new trends, range of choice, quality, personalized attention, and good value for money to achieve maximum customer satisfaction.

It is especially famous for its returns policy and customer service.

El Corte Ingles is an iconic brand linked to Madrid´s history and should be a must-see if you go shopping in Madrid.

There are plenty of El Corte Ingles throughout the city, just find one that is closer to you!

Best markets in Madrid

El Rastro

One of the main attractions that make Madrid worth visiting is its flea markets.

There are many markets to explore, but the most famous flea market for shopping in Madrid is El Rastro.

El Rastro has been around for centuries and continues to be a bustling shopping area in the city center.

It is held every Sunday and public holiday with 3,500 stalls selling extremely varied objects you’re not likely to find in traditional stores such as vintage furniture, collector’s items, antiques, second-hand goods, antique books and magazines, clothes, and accessories.

Stalls tend to be grouped by the types of products they offer. If you search carefully, you will find great deals, especially if you are good at haggling!

The market is spread all around the Plaza de Cascorro, the Ribera de Curtidores street, and its surroundings up to Ronda de Toledo and Embajadores.

To complete a hectic morning shopping at this Madrid´s flea market, you will find plenty of bars and restaurants in the surroundings where you can have a beer or taste some Spanish tapas.

It usually gets very crowded, so keep an eye on your belongings and pickpockets.

San Miguel Market

San Miguel Market, located in the square of the same name, is the most popular food market in Madrid.

It is also one of the best Madrid famous landmarks among tourists since it is located next to the Plaza Mayor.

The market was originally built in 1916 and it still retains its remarkable early-20th century iron structure.

Millions of visitors, locals and tourists come to enjoy the top-quality products and wines from all corners of Spain in this culinary temple.

Although you can still do the grocery shopping, most people come here to taste the excellent Spanish wines and beers and to eat some tapas.

There are more than 20 stands with the best quality products, such as Iberian ham, the freshest seafood Galicia, Mediterranean rice dishes, or the most exquisite cheeses from Castilla, Asturias, or Pais Vasco.

San Miguel Market is, in my opinion, an outstanding choice for shopping in Madrid.

Shopping hours in Madrid

Madrid’s extensive opening hours will allow you to combine sightseeing with the best shopping in Madrid.

Most shopping centers, outlets, and department stores in Madrid open between 10.00 and 22.00h even on Sundays and most bank holidays.

Some smaller stores usually take a break for a couple of hours at lunchtime and close earlier at night, around 20.30.

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