Itacaré isn't a shopping paradise, but there are some nice handcrafts and surf wear & gear. There's also a travellers' bookshop.
Urso de Ãculos: International Bookshop
Avenida Castro Alves 71 (Orla)
on the waterfront in the historic centre, on the way to the fishing port
A Charming independent bookshop overlooking the water in the historic centre of Itacaré. Wide selection of books in over 15 different languages including English, French, German, Norwegian, Swedish, Dutch, Italian and Hebrew, and a space to relax away from the crowds with a coffee, real English tea or glass of wine.