I have been to Hot Springs, AR many times, it's not far from me so makes a nice day trip. There aren't any quilt shops downtown area, one store on main historical street sells quilts but they seem to be manufactured, nice display of vintage items though. There is an active quilt guild and the guild has a website with quilt sponsors listed in the area. It has all the info you need to find a quilt shop in the area!
http://www.hsvquiltguild.com/