As the largest town on an island, Nakskov has a greater concentration of well-visited shops and supermarkets than one would otherwise expect from a town of this size.

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Søndergade is the city's pedestrian street, where most of the shops are located. Søndergade runs from the city square, Axeltorv, to Nygade, where you will also find a number of shops. On both sides of Søndergade there is parking and pleasant shortcuts to the pedestrian street.

During the summer, there are events, markets and entertainment at Axeltorv.