Southern Season in Chapel Hill is simply an unbelievable place. It's a gourmet shop that's the size of a department store. It's the kind of place you can visit over and over and everytime discover something new. The homegoods are all top quality and the food products are amazing. The wine section is HUGE and they have a good selection of unusual import beers. The candy section is amazing - imported Belgian chocolates (at imported prices) in the display case, just about every kind of packaged candy bar, and some local favorites. Southern Season also has a great deli area -- good for stopping in to grab lunch on the go. They have every kind of spice and seasoning and sauce - about one aisle dedicated to each type of cuisine (Japanese, Chinese, Cajun, Mexican, etc). They have a nice floral department too, and lots of good gift items.
The summer sale is the best time to go to Southern Season. They discount just about everything, so you can stock up on your favorites.