Homebase, Britain's second-biggest home improvement retailer, plans to revamp its stores over the next five years as it battles to win share in a crowded and contracting market.

In all, there are 62 stores on the market in England, all listed below. A deadline of November 29 was set for potential buyers previously, but it remains uncertain whether any have been rescued.

HomeBase Inc., caving in to giant rivals Home Depot Inc. and Lowe’s Cos., said Tuesday that it will bail out of the home-improvement market entirely, permanently closing 22 stores and converting ...