New Year’s Day brings a pause for many government services and financial institutions, but it’s largely business as usual for retailers across the country.

While schools, government offices and banks are closed for the holiday, most major retail chains are open — often with reduced hours — as stores move quickly to clear older inventory and make room for new merchandise.

Before heading out, shoppers are encouraged to check local hours, as schedules can vary by location and region.

Here’s a breakdown of what’s open and closed on New Year’s Day, based on information from the Associated Press and major retailers.

Government offices and schools

Federal, state and local government offices are closed for the holiday. This includes post offices, courts and public schools.

Some municipal services, such as trash pickup and permitting offices, may follow adjusted schedules depending on the city.

Banks and financial markets

U.S. banks are closed on New Year’s Day and resume normal operations on Friday.

The U.S. stock market is also closed for the holiday.

Shipping and package delivery

Standard pickup and delivery services are limited on New Year’s Day.

Some locations may offer select or critical services, but customers should check directly with their local carrier or store for availability.

Retail stores

Most major retailers are open on New Year’s Day, though many operate with modified hours.

• Walmart — Open with possible reduced hours
• Target — Open with modified hours
• Macy’s — Open, hours may vary
• Kohl’s — Open with limited hours
• CVS — Open; pharmacy hours may vary
• Walgreens — Open; check pharmacy availability

Customers are advised to confirm store hours online or by phone before visiting.

Grocery stores and pharmacies

Most national grocery chains are open on New Year’s Day, though hours may be shortened.

In-store pharmacies are often closed or operate on reduced schedules.

Stores typically closed for the holiday include:

• Aldi
• Trader Joe’s
• Costco

Local grocery hours can vary significantly, so shoppers should check individual locations.

What to know before heading out

Holiday schedules can change based on staffing and regional demand. Checking ahead can help avoid closed doors, especially for prescriptions, groceries and shipping needs.