On New Year's Day in the United States, most schools, government offices, and banks will be closed. However, many major retailers like Target, Macy's, Kohl's, CVS, and Walgreens are expected to remain open, often with modified hours. It is advisable for consumers to verify specific store operating times locally, as hours can vary by location. Some national chains, such as Trader Joe's and Costco, will be closed.