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The new year has arrived, and whether you're looking to knock out some errands, go on a shopping spree or grab a quick bite to eat, consumers will have plenty of shopping and restaurant options on New Year's Day.

Those looking to visit the bank or drop something in the mail, however, will be out of luck on Jan. 1, as most major banks, post offices and shipping services will be closed.

Most national retailers, grocery stores and restaurant chains will be open on New Year's Day, albeit some with reduced hours. A few names, like Costco, Trader Joe's and Texas Roadhouse, will be closed.

Here's everything you need to know about what's open and closed on Monday, Jan. 1. It's best to check with your local store or restaurant online before leaving home, as hours and closures can vary by location.

New Year's Day 2023: Are banks, post offices, UPS and FedEx open?

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Is Walmart open on New Year's Day?

Yes, all Walmart stores will be open from 6 a.m. to 11 p.m. on Jan. 1, the company told USA TODAY.

Is Target open on New Year's Day?

Most Target stores will be open their regular hours on New Year's Day, however store hours vary by location. You can find your local store's specific hours here.

Is Costco open on New Year's Day?

Costco will be closed on Jan. 1, 2024.

Are CVS, Walgreens and Rite Aid open on New Year's Day?

Many CVS stores will be open regular hours over the holidays, however some stores may be closed or have reduced hours. Check with your local pharmacy for their specific holiday hours. You can find your local CVS pharmacy using the company's store locator.

Walgreens and Rite Aid stores will be open their regular hours on Jan. 1.

Is Home Depot open on New Year's Day 2024?

Home Depot stores will be open from 9 a.m. to 8 p.m. on Jan. 1.

Restaurants open on New Year's Day 2024

The follow restaurants are open on Jan. 1. Hours are displayed for companies that provided them.

• McDonald's

• Chick-fil-A

• Starbucks

• Dunkin'

• Waffle House

• Cracker Barrel

• Taco Bell

• Burger King

• Wendy's

• Krispy Kreme

• Buffalo Wild Wings

• Hooters

• Texas Roadhouse

• Applebee's

• Chili's

• Fogo de Chão: 11 a.m. to 10:30 p.m.

• Outback Steakhouse

• KFC

• Popeyes

• PF Chang's: 11 a.m. to 10 p.m.

• Red Lobster

• Red Robin

• Golden Corral

• Zaxby's: Some restaurants may close as early as 6 p.m.

• Whataburger

• Maggiano's

• Cooper's Hawk: 11 a.m. to 9 p.m.

• Domino's Pizza: Hours vary by location

• Firehouse Subs: Hours vary by location

• White Castle

Texas Roadhouse restaurants will be closed on Jan. 1.