ANDERSON — No date has been set for the official closing of The Shed.
That's because the owners say they don't know how long it will take to liquidate their merchandise.
"We've never gone out of business before," said Debra Masterson.
For almost 41 years the Mastersons have been providing fashionable and trendy clothing for local shoppers. The store originally sold clothing for men and women, but it quickly progressed into men's suits and shoes.
"We had new and edgy things for sale," Wayne Masterson said."They were novelty items that you can't find without being in a big city."
He said he knew for some time that he would be closing the business, but did not make a final decision until August.
"I turn 62 this month and I wanted to wake up and do something else," Wayne Masterson said.
Many people say they are upset they will be losing the Mastersons' business.
"It's going to be sorely missed," said Jonathan Jackson of Anderson. "We don't have any other stores like this. It is ethnically appealing."
Jackson said Wayne Masterson always went out of his way to order specialty items and gave repeat customers discounts.
"You can't get that a Walmart," he said. "Walmart is not personal."
Larry Abrom, Sr. said he has been shopping frequently at the store to collect as much merchandise as possible.
"It's too bad he had to close," he said.
In 1973, Wayne Masterson started his business in downtown Anderson on the corner of 11th and Main streets. As his business grew, he branched out into the neighboring communities of Muncie and Marion. In the 80s, he decided to incorporate everything back into one location beneath his trademark store, which is painted bright yellow with bold, black lettering and located at 509 S. Scatterfield Road.