Taos Pueblo
Like other new mexico pueblos, is known for american indian arts and crafts. its pottery differs considerably in appearance from that of other pueblos owing to differences in the clay of the region. good taos pottery has a unique "sparkle" caused by tiny flecks of mica. many shops in town carry this pottery, along with jewelry and other folk art from pueblos along the rio grande, but it's worth your time to look for pottery and jewelry at the pueblo itself.
Taos Gallery Association
More traditional "Anglo" and Hispanic art is available from all manner of galleries in the downtown area, as well as at gift shops associated with most of the museums. The places on the Plaza itself, unfortunately, tend toward tacky and schlocky, but you don't have to get far off the Plaza to get very good material. The Taos Gallery Association hosts a web site (http://www.taosgalleryass...) with info on most of the more reputable galleries. Be warned: some of the work at these galleries is seriously expensive 5 figures, but you get what you pay for.
If you want to update your ski equipment, many shops at Taos Ski Valley and in Taos itself will be happy to help you empty your bank account on the latest and greatest skis, boots, etc.
Most shopping on the plaza closes down from 5:00-6:00PM. During slow periods such as in May, which is after ski season and before major summer travel season, some establishments go on extended breaks.