Bed Bath & Beyond plans to close its stores in Hot Springs and Fort Smith in addition to a store in North Little Rock.
The stores are among the more than 230 outlets closing nationwide in an attempt to avoid bankruptcy.
The stores, at 3955 Phoenix Ave. in Fort Smith, 1454 Higdon Ferry Road in Hot Springs and 4122 E. McCain Blvd. will close in the coming weeks, a Tuesday news release said.
This week's closing list includes 149 stores. A list of stores designated for closing was also released Feb 2.
The company said Tuesday that it has received support from some investors to raise $1 billion to avoid filing for bankruptcy though the news was not greeted warmly by stockholders. The chain's shares fell 1 cent to close Thursday at $2.60. Shares have traded as low as $1.27 and as high as $30.06 over the past year.
Just 10 years ago, Bed Bath & Beyond had more than 1,500 stores and a market value of about $17 billion. It now has fewer than 800 stores.