New Year 's Day is fast approaching and many people will ring in 2013 by shopping for the best bargains to start the year off.

But what stores will be open and what deals are available? Here is a list of New Year's hours and deals from the retailers participating during the holiday.

Amazon has end of the year sales with 40 to 70 percent off savings on almost everything the online retailer's inventory.

Best Buy retail locations will open from 10 a.m. to 7 p.m. on New Year's Eve, but will be closed on New Year's Day.

Cheapoair.com has a wide variety of special New Year's travel deals for destinations around the world.

Costco locations will open at 9 a.m. and close at 6 p.m. on New Year's Eve, but will be closed on New Year's Day.

IKEA  stores open 10:00 a.m. to 7:00 p.m. on New Year's Day and offer free meals to kids up until Jan. 1.

Kohl's retail locations will operate under normal business hours on New Year's Eve and open 9:00 a.m. to 9:00 p.m. on New Year's Day.

Kmart stores will have regular business hours on New Year's Eve and New Year's Day from 8 a.m. to 10 p.m. 

Macy's stores will operate on regular business hours on New Year's Eve and New Year's Day from 10 a.m. to 9 p.m.

Target stores will be open from 8 a.m. to 10 p.m. on New Year's Eve and will be open during regular business hours on New Year's Day. Some of the reported deals include savings up to 50 percent off the Neiman Marcus collection as well as other apparel and accessories.

Toys 'R Us locations will operate on normal business hours on New Year's Eve and New Year's Day. The hours vary for each location and shoppers can check local hours HERE. Some of the deals include buy one get one 50 percent off on Lego sets and 70 percent off selected items for their after Christmas sale.

Walmart stores will be open for New Year's Eve and New Year's Day on standard hours from around 8 a.m. to 10 p.m. depending on the location.