Mrs. Dawei liked the boutiques along shanxi road north of huaihai road mentioned by Moondog.
She very much did not like Xiang Yang Market.
The other great shopping are the ocassional sales that spring up in various wearhouses or exhibtions centers. One of the best is Isetan's annual sale at the Shanghai Exhibition and Convention Center (the one across from the Portman). Great deals.
We also enjoyed the Shanghai Fabric Market:
Dong Jia Du Lu Market (董家渡路市场)
Add: 142 Dongjiadu Lu (董家渡路142号)
Browse the isles, choose the fabric you like and they will work it up for you with in a day.....