Christmas may be over but New Year is just around the corner and the second phase of large-scale holiday shopping is only just beginning.

The day after Christmas is usually (and perhaps surprisingly) one of the biggest shopping days of the year. It is the day when all leading retailers stay open; despite the fact it is a federal holiday in the U.S., for Christmas and clearance sales. While the deals probably don't bear comparison to those on Black Friday and Cyber Monday, there are still some great products available at considerable discounts.

Wal-Mart, Target, Best Buy and Bloomingdale's are some of the major retailers and the biggest names in holiday shopping.

This year, discounts are available on electronics, household appliances, apparels, outdoor equipment and gadgets...

Wal-Mart - The store will open at 5 a.m. and stay open till 10 p.m.

Wal-Mart has great deals for online shoppers. Apart from electronic gadgets and products, men's apparel, shoes and boots are available at really great prices. Some of the deals are...

Apple iPad 2, 32GB with WiFi at $599

VIZIO 32 LCD-HDTV on sale for $288

Tablet computers and an e-Reader, with 7 - 10 color touchscreen running Google Android OS for only $99

Kodak C1530 14 megapixel digital camera bundle, with 3x Optical Zoom and 3.0 LCD display, at $59 and a Kodak M5350 16 megapixel digital camera for $84 (For online shoppers only)

To see other deals, visit - Walmart.com

Bloomingdale's

Photo Credit: Bloomingdales. Screen Grab from Bloomingdales.

Bloomingdale's, a Macy's sister brand, is known for setting trends with designer and celebrity-style costumes and other luxury products. This season, the sale at Bloomingdale's begins on Dec. 26. Shoppers can avail of discounts up to 75 per cent, on designer wear for women. The store's exclusive collection of lingerie, jackets, dresses, casual wear... all of it is on sale! Shoppers can save up to 50 percent on the purchase of handbags, shoes, children's wear, men's apparels, jewelry and accessories. These discounts are available both online and at the store.

To see more, visit - bloomingdales.com

Target - The store will open at 7 a.m. and stay open till 11 p.m.

Target's sale includes everything from toys to electronics. The retail chain is offering big discounts and shoppers can save up to 65 percent, if shopping online. There are discounts of up to 50 percent on women's and children's clothing, as well as home décor and household items.

Some great deals include a free $75 Target gift card on purchase of a PS3 or Xbox 360 bundle; 30 percent off on children's toys; a $50 coupon for any Kindle (if you trade an older model). There are also discoutns on electronic gadgets - the stores offers a Motorola Atrix on AT&T's network for $19.99 and a Kodak M5350 EasyShare digital camera at $99.99, in addition to other deals. Check out the complete list here - Target.com

Best Buy- The store will open at 8 a.m. and stay open till 10 p.m.

The most exciting deal at Best Buy is its Free Smartphone Sale that includes several high-end phones like Verizon's Samsung Stratosphere 4G LTE, the ATT HTC Inspire 4G and Sprint's LG Marquee, as well as many more.

The store also offers a Samsung 55 Class LED 1080p, 120Hz, 3d HDTV (with free 3D glasses), at a $900 discount; the price is $1899.99.

There are also staggering discounts on products ranging from iPods, laptops, musical instruments, home appliances and cameras to camcorders and mobile phones. Check out the offers here - Bestbuy.com

Do remember that these discounts are likely to fly off the shelves as quickly as the retailers put them up! So do hurry up and shop before all the best products and deals go out of stock or are revoked!