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What’s open and closed on Memorial Day

A shopper moves past a display of items in a Costco warehouse Saturday, May 18, 2024, in Sheridan, Colo. As many Americans celebrate Memorial Day on Monday, May 27, 2024, there are several stores, government offices and businesses that will be open or closed.(AP Photo/David Zalubowski)

FILE - Chase Bank ATMs are shown, Thursday, March 25, 2021, in New York. As many Americans celebrate Memorial Day on Monday, May 27, 2024, there are several stores, government offices and businesses that will be open or closed. (AP Photo/Mark Lennihan, File)

FILE - A Macy’s department store is in Bay Shore, Long Island, New York, on Tuesday, Dec.12, 2023. As many Americans celebrate Memorial Day on Monday, May 27, 2024, there are several stores, government offices and businesses that will be open or closed.(AP Photo/Ted Shaffrey, File)

FILE - Letters and packages are loaded on a U.S. Postal Service truck parked outside a post office in Wheeling, Ill., Monday, Jan. 29, 2024. As many Americans celebrate Memorial Day on Monday, May 27, 2024, there are several stores, government offices and businesses that will be open or closed. (AP Photo/Nam Y. Huh, File)

FILE - The sun shines through the flags in the Memorial Day Flag Garden on Boston Common, May 27, 2023, in Boston. Businesses increasingly have chosen to stay open on the holiday, leading to what is now one of the biggest retail sales and travel weekends of the year. (AP Photo/Michael Dwyer, File)

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In what had long been celebrated every May 30 to honor America’s fallen soldiers, Memorial Day officially became a federal holiday in 1971, observed on the last Monday in May.

Businesses increasingly have chosen to stay open on the holiday, leading to what is now one of the biggest retail sales and travel weekends of the year.

Here’s what is open and closed this year on Memorial Day:

GOVERNMENT BUILDINGS

Government offices, post offices, courts and schools are closed.

Memorial Day Weekend

• The history: 5 things to know about the holiday , including its evolution and controversies
• Travel: Crowds and high prices met travelers on the busiest day of the holiday weekend
• On the menu: Try this recipe for smoky chicken wings or for something lighter, update these classic side dishes
• What’s open? Check this list of stores and more before you head out
• Now playing: Here are the movies coming to the box office this weekend and beyond

BANKS AND STOCK MARKET

U.S. stock markets and banks are closed Monday.

Most FedEx and UPS pickup and delivery services will also not be available on Memorial Day.

Warehouse membership club Costco said it would close on Memorial Day , but the vast majority of retailers will be open, with many trying to lure customers with big promotional sales. Hours may vary by location.

Memorial Day is also considered the unofficial opening of the summer travel season. Auto club AAA projects 43.8 million travelers will head 50 miles or more from home over the holiday travel period, an increase of 4% from last year. If those projections are accurate, that would come close to 2005’s record of 44 million Memorial Day weekend travelers.

AAA projects 38.4 million people will travel by car over the weekend — the highest number for that holiday since AAA began tracking it in 2000 — and that another 3.5 million people will travel by air.

More From Forbes

Ebay’s recommerce surge: how pre-loved goods are taking over.

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Ebay is participating in live events, doing pop-up shops, and catering to a younger audience of ... [+] buyers and sellers. (Photo by Bryan Bedder/Getty Images for ReedPop)

Recommerce sales continue to be a significant part of eBay’s eBay business, driven especially by the younger generations who are considered both buyers and sellers on eBay. "We're seeing an increase in shopping in terms of recommerce. Remarkably, 40% of our (eBay’s) gross merchandise value (GMV) now comes from recommerce,” said Renée Morin, chief sustainability officer at eBay. The growth aligns with the company’s goals and consumer preferences towards contributing to a circular economy. In eBay’s 2024 Recommerce report, over 70% of consumers surveyed globally plan to spend on recommerce/pre-loved goods this year.

Younger Generations Driving Pre-Loved Purchasing

One major driver of recommerce's popularity is the evolving consumer mindset, especially among younger demographics like Gen Z and Millennials. These groups prioritize environmental sustainability in their purchasing decisions. "Our younger demographics really do care and consider more environmental and sustainability aspects when purchasing,” said Morin. This shift is reflected in the positive perception of thrifting and the appeal of purchasing pre-loved goods as a way to contribute positively to the environment and save money, with 58% of Gen Z saying that generating extra cash is a primary motivator for selling pre-loved goods.

eBay partnered with Alicia Silverstone, actor and sustainability advocate, to help launch Recommerce ... [+] Day.

Fashion Apparel In The U.S. Market

The fashion apparel resale market in the U.S. will grow from 16.8% of the ecommerce resale volume to 18.7% by 2027, representing an estimated $17 billion in volume. The total recommerce market will be $259 billion including online and in-store sales volume. The shift to buying pre-loved fashion goods stemmed from the pandemic, but the behavior has remained consistent with consumers. On eBay globally, the number of items labeled as thrift in the description has increased by over 400% in the clothing, shoes, and accessories categories for March 2024 compared to the previous year. Most eBay consumers (60%) say buying pre-loved goods has become more important to them. Morin discussed how the top categories in fashion recommerce sales include luxury watches, handbags, and sneakers.

EBay Leans Into Recommerce Fashion Trend With AI

Several initiatives have been launched at eBay to heighten awareness and make meaningful choices easier for consumers, including the ‘Shop the Look’ feature. Additionally, AI advancements have enabled personalized interactions, such as the Earth Day campaign where personalized videos thanked consumers for their eco-friendly purchases. "We produced over 100,000 personalized videos for Earth Day, thanking buyers for participating in recommerce,” said Morin.

Looking ahead, Morin is optimistic about continuing to leverage AI and other technologies to advance recommerce and improve the shopping journey for buyers and sellers.

NSA Warns iPhone And Android Users To Turn It Off And On Again

Donald trump 300 million poorer after guilty verdict as truth social stock sinks, trump still faces 54 more felony charges after hush money verdict, ai will fuel growth in recommerce goods.

Technological advances can help with authentication, a key component of building the trust factor with consumers in the resale market. EBay has already developed technologies that help with this process to ensure consumers are receiving authentic goods, and the company has measures in place to mitigate counterfeit goods sales. AI can also help with streamlining the listing process and inventory management across various categories of merchandise. EBay has introduced AI tools that make it easier for sellers to post product information and enhance product images.

Recommerce Day in May

The company has proposed a Recommerce Day on May 21 of every year which has began to get traction with state and local governments. A resolution was introduced in the California State Legislature and the city of San Jose, CA, declaring May 21 as Recommerce Day. “Recommerce buyers are looking for value, passions, and meaning in their purchases — with the added benefit of sustainability. Together, we’re propelling the Era of Recommerce,” claims Morin.

Continued Awareness For A Sustainable Future

EBay is broadening its awareness of recommerce by introducing live events between buyers and sellers and partnering with celebrity Alicia Silverstone, a sustainability advocate. The company is doing pop-up shops like the eBay’s Metaverse Marketplace booth during New York Comic Con 2023. Morin discussed how the company is building a strong community between buyers and sellers fueling continued interest in the recommerce market.

Increasing awareness and staying focused on sustainability efforts will help to educate consumers about the pre-loved market. "We need to make it easier for people to shop for recommerce... making meaningful choices easier for consumers,” said Morin, explaining the goal of promoting sustainability through education and ease of use. Addressing the paradox of fast fashion's growth despite negative sentiment, Morin suggested, "Sometimes consumer sentiment precedes the actual trend. We're feeling it but consumer behavior might trail a bit."

The Era Of Recommerce

Recommerce is experiencing robust growth, driven by a shift in the consumer mindset towards sustainability and innovative initiatives that make eco-friendly choices easier. With the official recognition of Recommerce Day and the integration of AI for personalized experiences, the future of recommerce looks promising and poised for continued expansion.

The eBay Recommerce survey was conducted in March 2024 by Censuswide with a sample of 16,052 General Consumers (aged 18+) across the U.S., U.K., Canada, Germany, France, Italy, Spain, Australia, and Japan. The survey also included 12,515 of eBay’s consumer-to-consumer (C2C) sellers in the U.S, U.K., Canada, Germany, France, Italy, Australia, and Japan.

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Nvidia stock jumps after big earnings beat, 10-for-1 stock split announcement

• Nvidia stock jumped as much as 5% after it reported first-quarter earning results on Wednesday. 
• The company beat profit and revenue estimates thanks to continued strength in its GPU business.
• Nvidia boosted its dividend and announced a 10-for-1 stock split.

Nvidia stock surged to record highs in after-hours trading on Wednesday after the company reported its first-quarter earnings results.

Shares of the chip maker jumped as much as 5% to about $993 per share following its earnings release. The company reported a 262% surge in year-over-year revenues, driven by the continued success of its AI-enabled GPU chips, mainly the H100.

Here were the key numbers:

• Revenue: $26.04 billion, versus analyst estimates of $24.65 billion
• Data center revenue: $22.6 billion, representing a 427% surge from the year-ago quarter
• Adjusted earnings per share: $6.12, versus analyst estimates of $5.59

Nvidia also offered solid revenue guidance for the second quarter, at $28 billion versus analyst estimates of $26.61 billion, signaling that it expects continued strong sales even as customers await its next-generation GPU chip, Blackwell, set to be released in the second half of the year.

"We are poised for our next wave of growth. The Blackwell platform is in full production and forms the foundation for trillion-parameter-scale generative AI," Nvidia CEO Jensen Huang said. 

The company announced a 10-for-1 stock split, effective next month. It also increased its quarterly dividend by 150% from $0.04 to $0.10 per share. 

Analysts will be eagerly awaiting Huang's comments on the company's conference call, looking for potential direction as to where he sees the AI chip market going throughout the rest of the year and beyond. 

"Even in the face of huge expectations, the company once again stepped up and delivered. The always important data center revenue was strong, while future revenue was also impressive. Bottom line, the bar was high and cleared it once again," Carson Group's Ryan Detrick said. 

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