While schools, government and banks are closed on New Year's Day, most major retailers across the U.S. will be open, with many offering discounts on older inventory to clear the way for newer products.But before you run out the door on New Year's Day to peruse deals, its wise to double-check your local store's operating hours, which can differ depending on their location. When in doubt, call ahead or look up more specific schedules online for stores in your neighborhood.RELATED STORY | Trump initiative Freedom 250 lights Washington Monument to start yearlong festivitiesHeres a rundown of what's open and closed on New Year's Day, 2026.GovernmentGovernment buildings, post offices, courts and schools are closed.Banks and the stock marketU.S. stock markets and banks are closed Thursday but reopen Friday.Package DeliveryStandard FedEx and UPS pickup and delivery services will not be available on New Year's Day, although some critical services will be offered at certain locations. Check your local store for more information.RetailersWalmart is open on New Year's Day, but may have modified hours. Check your local stores website for hours.Target is open on New Years Day, but may have modified hours. Check your local stores website for hours.RELATED STORY | Cities boost police presence nationwide ahead of 2026 New Years Eve eventsMacys is open on New Years Day, but may have modified hours. Check your local stores website for hours.Kohls is open on New Years Day, but may have modified hours. Check your local stores website for hours.CVS is open on New Years Day, but may have modified hours. You can call your local store or check store and pharmacy hours on the CVS Pharmacy website.Walgreens is open on New Years Day, but may have modified hours. Check your local store for more information, including whether or not the pharmacy is open.Grocery StoresMost national grocery store chains, such as Albertsons, Whole Foods, Kroger and Aldi are open on New Year's Day but may have modified hours. In-store pharmacies tend to be closed for the holiday. Check your local store for details.National chains that are closed for New Year's Day include Trader Joe's and Costco. ...read more read less