Hungarian shops normally open between 10am and 6pm on weekdays and between 10am and 1pm on Saturday .
Budapest has some great shopping and not only for arts and crafts but for fashions as well. Vaci Utca is the Hungarian version of London's Bond Street with some of the trendier fashion stores. Another good shopping place is Nagy Korut. In addition you'll see signs advertising little shops in the courtyards of residential blocks. Some offer souvenirs such as coins and stamps that may be worth a look.
Hungary is famous for its porcelain, embroidery, cut glass and crystal. I included a list of some convinintely located ones.
Herend Porcelain Shops
V. Joszef nador ter 11 http://www.talkingcities.co.uk/budapest_pages/metro_voros.htmand V. Kigyo utca 3. Open: 10am-6pm Mon-Fri, 9am-1pm Sat-Sun
Downtown shops stocked with creations by one of the most famous and expensive porcelain factories in the world.
Opal Art
Fortuna Passage, Hess Andras ter 4, http://www.talkingcities.co.uk/budapest_pages/metro_moszkva.htmOpen: 10am-5pm daily
Snazzy glass shop in the Castle District, favoring contemporary and Art Nouveau designs.
Zsolnay
V. Kigyo utca 4 and V. Ferenciek tere 11, http://www.talkingcities.co.uk/budapest_pages/metro_ferenciek.htmOpen: 10am-6pm Mon-Fri, 10am-1pm Sat-Sun
A good selection of distinctive and elegant porcelain from Hungary's second finest factory - Zsolnay.
Esceri Flea Market
XIX. Nagykorosi ut 156, Bus 52 Boraros ter, Open 7am-2pm Mon-Sat
Communist memorabilia, fine porcelain and antiques.
Jozsefvarosi V
VII. Kobanyai ut 21-23, Tram 28, 37, Open: 7am-6pm daily
A bustling place with mainly Chinese stall-holders selling cut price designer fashions, shoes, silks and housewares.
Lehel ter Piac
VI Lehel ter, 6am-2pm Mon-Sat
A traditional, more laid back market selling mainly meat and fresh produce.
Duna Plaza
XIII Vaci ut 178,
Web site: www.dunaplaza.hu, Open: 10am-9pm Mon-Fri; 10am Sat-Sun
With over 120 shops, a nine screen cinema, video arcade and bowling alley, the Duna Plaza is pretty much an American style mall
Mammut
Nagyajtai ut, 4/a Szena ter
Web site: www.mamut.hu, Open: 10-9pm Mon-Fri; 10am-6pm Sat-Sun
Another big mall
Europark
XIX. Ulloi ut 201, Open: 10am-6pm Mon-Fri, 10am-1pm Sat
The smallest and least impressive of the Budapest malls
West End City Center
VI. Vaci út 1-3,
Central Europe's shopping mall. Developed by Canada's TrizecHahn corporation, the award winning architecture is both futuristic and imposing