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There are stores and shops of all tastes. Apart from that, there is a museum and a lot of restaurants and bars. The museum is the Punk Museum. It is small in size, but fun to visit.
There are various shops for tourists in the region selling Icelandic wool sweaters, fridge magnets, books, keychains, stuffed animals, and all sorts of souvenirs. You will find great cosmetic products that are made from Icelandic ingredients as well as some other Icelandic designs.
If you are running on a low-budget, there are second-hand and vintage shops in the street from where you can buy clothes and jewelry at great prices. You must visit these shops even if your budget is high. You may never know what gems you would find at the vintage shops.
Reykjavik Sightseeing bus hop on hop off stops at Laugavegur Shopping Street
NAT and Must see in Iceland have handpicked the best tours in Iceland so you don't have to.